Here's a good article from theonlinecitizen:
Originally Posted by theonlinecitizenFare hike for public transport in October?
Posted by theonlinecitizen on July 26th, 2007
By Andrew Loh
The Public Transport Council (PTC) has given public transport operators until August 2007 to apply for any fare revisions they wish to make. (Straits Times, Mar 23, 2007).
Any fare hike will take effect from October, according to a PTC spokesman quoted by the Straits Times.
Undoubtedly, any increase in fares will have commuters up in arms, as was the case in previous years. Any rise in transport fares will come on the back of an increase in the Goods and Services Tax (GST), and the Consumer Price Index (CPI).
Consumer Price Index
The Department of Statistics, in its press release on the CPI for May 2007, said:
“Compared with the same month a year ago, the consumer price index in May 2007 was 1.0 per cent higher.”
For the CPI in June, the TODAY newspaper reported:
“The consumer price index (for June) rose 1.3 per cent from a year earlier… Transport and communication costs, the second-biggest component at 22% of the index, climbed 2.8% last month from a year earlier.”
The CPI is used in the formula by the PTC to determine how much any fare increase will be, as posted on its website:
Maximum Fare Adjustment = 0.5 CPI + 0.5 WI - 0.3%
CPI = Change in Consumer Price Index over the preceding year, WI = Change in Average Monthly Earnings (Annual National Average) over the preceding year, adjusted to account for any change in the employer’s CPF contribution rate , 0.3% = The productivity extraction based on a sharing of productivity gains achieved by PTOs
A chronology of fare hikes since 1990 (PTC website):
1990: BUS FARE REVISION
1994: BUS FARE REVISION
- 10 cents increase in non air-con fares generally.
- 5 to 10 cents increase in air-con fares with no change to the minimum (60 cents) and maximum fares ($1.20).
1995 : BUS FARE REVISION
- Extension of the maximum bus fare by another fare stage (over 14.4 km), to $1.00 and $1.30 for non air-con and air-con services respectively (equivalent to a 10 cents increase)
1997 : BUS FARE REVISION
- Extension of the maximum bus fare by another fare stage (over 18.4 km) to $1.10 and $1.40 for non air-con and air-con services respectively (equivalent to a 10 cents increase).
- 5 cents increase in feeder fares and industrial fares to 30 cents and 45 cents respectively, with the corresponding introduction of a 5 cents transfer rebate for feeder buses.
- $2 increase in concession stamps prices for tertiary students, NS men and SBS shareholders.
1999 : NEW FARES FOR BUKIT PANJANG LRT
- 5 cents increase across the board for non air-con services on farecard fares. No change for air-con farecard fares.
- 10 cents increase across the board for air-con and non air-con services on cash fares.
- Conversion of flat fare to distance-related fares for industrial bus services.
- $3- $5 increase in non air-con bus concession stamp prices.
Similar to fares on existing RTS lines, distance-related fares were adopted for Bukit Panjang LRT.
2000: BUS FARE REVISION
2000:LIGHT RAPID TRANSIT (LRT) SINGLE TRIP FARE
- 10 cents increase in adult feeder bus fares (cash and farecard) with a corresponding increase in the feeder transfer rebate by 10 cents (from 5 cents to 15 cents).
- 5 cents increase in child/student feeder bus fares (cash and farecard) with a 10 cents increase in the feeder transfer rebate (from 5 cents to 15 cents).
- Extension of the maximum fare by another fare band (over 23.5 km) to $1.30 and $1.60 for non air-con and air-con services respectively for cash fares, and $1.25 and $1.50 for non air-con and air-con services respectively for farecard fares.
- Addition of 2 fare bands to the fare structure of Jurong industrial bus services (maximum fare was increased by 20 cents).
10 cents increase in the LRT Single Trip Ticket adult fares (the new minimum became 80 cents while new maximum was $1.00). No change in adult farecard fares (minimum was 60 cents and maximum was 80 cents).
2001 :BUS FARE REVISION
2002:BUS FARE REVISION
- 10 cents increase in feeder bus fares with corresponding increase in transfer rebates by 10 cents (feeder bus transfer rebate became 25 cents, the same as the transfer rebate involving non-feeder bus services).
2003:NEW FARES FOR NORTH EAST LINE (NEL)
- 3 cents increase in adult EZ-link card fares.
- 5 cents increase in adult farecard fares.
- 10 cents increase in adult cash fares.
- 50 cents increase in concession stamp prices for primary/secondary students.
- $2 increase in concession stamp prices for tertiary students.
- $3 increase in concession stamp prices for NS men.
2005 :BUS FARE REVISION
- Differentiated fares for the NEL at 5 cents to 25 cents higher than the existing RTS fares, or an average of 16.5 cents more.
- Fares for child/student/NS men concessions remained the same as that for the existing RTS lines.
2006 :BUS FARE REVISION
- 1-2 cents increase in adult EZ-link card fares.
- 10 cents increase in adult cash fares.
- 1 cent increase in senior citizen EZ-Link card fares and 10 cents increase in senior citizen cash fares.
- 1-3 cents increase in adult EZ-link card fares.
- 1 cent increase in senior citizen EZ-Link card fares.