SMRT plans fare hikes for its bus, MRT, LRT services

SMRT Corporation is planning to raise fares for its bus, MRT and LRT services. It will apply for a fare adjustment by the August 1 deadline set by the Public Transport Council.

The SMRT Corporation says its total operating costs have ballooned by 20% this year because of the increase in diesel prices. The fare hike will follow the PTC's formula of a maximum increase of 1.7%, which translates to a rise of one or two cents, if approved.

(2006-07-25 19:02:46 SGT) [Biz] Permalink

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