Public transport fares were increased the last three years as well. While inflation has moderated, cost of living continues to be of concern for Singaporeans. Why did the PTC decide to increase fares again in this year’s exercise?
Fares need to increase given the rising costs of operations. The 6.0% fare increase is carefully calibrated to reduce the impact on commuters while ensuring the financial sustainability of the public transport system.
This is less than a third of the 18.9% maximum quantum, and lower than the fare adjustment of 7% last year. The 6% fare increase will also help to gradually reduce the deferred quantum from previous years.
Related questions
While inflation has moderated, cost of living continues to be of concern for Singaporeans. Why did the PTC decide to increase fares again in this year’s exercise?
What will happen to the differed quantum of 15.6%?
Why must public transport fares be reviewed every year? Wouldn't that mean commuters will see higher fares year to year?
Why did the Council reduce monthly concession pass prices while increasing per-journey fares?
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