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Public transport operators seek fare adjustments
SBS Transit has submitted its application to the Public Transport Council (PTC) seeking bus and rail fare adjustments "amidst an environment of rising costs".
The public transport operator announced this in a press statement on Friday - the deadline for operators to submit their applications to the PTC for fare reviews.
Also citing rising operating costs and lower profits, SMRT had said last month that it is aiming for "a better alignment of fares and operating costs" - and that it would be submitting an application for a fare review.
Earlier this week, Transport Minister Lui Tuck Yew said public transport fares will not be increased by more than 2.8 per cent next year.
This is lower than the original roll-over figure of 3.4 per cent from the last fare review, and was due largely to a drop in energy costs.
The PTC started its annual fare review last month, and results are expected to be announced in the first quarter of next year.