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FARES CUT 1.9% DUE TO LOWER OIL PRICES, BUT INCREASED 2.8% IN APRIL
ALSO DUE TO L - See more at:
http://www.allsingaporestuff.com/article/fares-cut-19-due-lower-oil-prices-increased-28-april-also-due-lower-oil-prices#sthash.nk8Qq9mM.dpufLOWER
OIL PRICES?
Submitted by farhan on Mon, 03/08/2015 - 10:15pm
Transport fares cut by 1.9%
According to the Straits Times news
report “Bus,
train fares to be cut by up to 1.9 per cent from
December: Lui Tuck Yew” (Aug 3) –
“Transport fares will be reduced by up to 1.9 per cent from
December, said Transport Minister Lui Tuck
Yew on
Monday (Aug 3).
He added that he would leave it to
the Public Transport Council to work out the specific reductions,
but expects “every commuter group” to pay lower fares.”
Reduction due to ”reduced fuel costs”, but
April increase also ”reduced fuel costs”?
As to “Mr Lui, who
spoke to the media at One-North MRT station,
said fares were being lowered following reduced fuel costs” – don’t
you find the reason of “reduced fuel costs” rather strange – when
public transport fares
were increased by 2.8 per cent from April
5 this year, when oil prices had dropped by
almost 60 per cent?
Increase 2.8 decrease 1.9 = 0.9%
increase?
So, does the 1.9 per cent reduction
in December mean that the net increase for this year is in effect,
still about 0.9 per cent (2.8 per cent increase in April minus the
1.9 per cent reduction in December)?
16
fare increases last 25 years?
According to the Public
Transport Council’s (PTC) web site – there
were 16 fare increases in the last 25 years.
Is there any country that increased
public transport fares so frequently?
Unfair comparison of fares
When the April fare increase this
year was announced – the fares comparison table with other cities
was inappropriate because most residents in these cities (which
also happen to be high-income cities, except Taipei) use monthly or
annual travel passes, instead of the “per trip”
comparison.
Thus, on the basis of the cost of
travel passes relative to wages – we have one of the most
expensive transport fares in the world.
What is even more strange is that
the comparison table shows only trips above 10 km.
Also, why were we still using the
existing fares (before the April increase) in the comparison?
Shouldn’t we be comparing the increased fares announced
instead?
Highest fare increase %
is?
Also, I think there may be something
wrong with the headlines that the fare increase was only 2.8 per
cent, because this appears to be the overall fare increase for all
commuters.
If you take the increase of five
cents over the fare of $1.33 to $1.58 in the table – it was an
increase of 3.2 and 3.8 per cent.
Why not also just tell us what was
the highest percentage increase for commuters?
Win battles lose war
A.S.S. Contributor
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