Public transport commuters will soon have something to smile about!
Bus and train fares will fall by 1.9% from 27 Dec 2015. This was announced by the Public Transport Council (PTC) yesterday (23 Oct) following its latest annual review. The adjustment is timed to coincide with the opening of the Downtown Line 2.
Adult fares will fall by up to four cents per journey, while students and senior citizens will see cuts of one to two cents.
The prices of all monthly concession passes, monthly travel passes, cash fares and single trip ticket fares will remain unchanged.
The 1.9% reduction is the maximum allowed under the fare adjustment formula, which takes into account inflation, wages and fuel or energy prices. The lower fares in this adjustment is due to the drop in energy prices last year.
The reduction will see a drop in fare revenue of $36.1 million a year for both public transport operators, SBS Transit and SMRT.
How will the reduction in fares benefit you? Share your thoughts on the latest fare adjustment!
"Bus, train fares to dip by 1.9% from Dec 27" (The Straits Times, 24 October 2014),
"Lower bus, train fares from Dec 27 due to cheaper oil prices" (TODAY, 24 October 2015)