Overall, fares will go up by 6 per cent - less than the 7 per cent increase last year when adult fares rose by up to 11 cents for adults per journey.
The public transport fare increases are driven by inflation and wage growth, with some moderation due to a drop in energy prices. SINGAPORE: Bus and train fares will go up by 10 cents per journey for adult commuters from Dec 28, the Public Transport Council announced on Monday after its annual fare review exercise.
These three factors form part of PTC's fare adjustment formula, which derived a 3.3 per cent increase in fares based on inflation, wages and energy prices. Chairperson of the PTC Janet Ang said the reason for the deferred fare quantum of 15.6 per cent was because the agency did not grant the maximum allowable increase “as much as we can” to ease the impact on commuters.
The NCF was also changed to the capacity adjustment factor and was fixed at 1.1 per cent at least until the next review.For this year’s fare review exercise, the cCPI increased by 2.1 per cent, the WI increased by 2.1 per cent, and the EI saw a drop of 1.9 per cent.This sum has to be added to the quantum carried over from the previous fare adjustment exercises which is 15.6 per cent.The PTC is granting a fare adjustment of 6 per cent, leaving a deferred fare quantum of 12.9 per cent.
Public Transport Council Ministry Of Transport
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