Market Review and Trends
The Story of Oil and the Public Transport Fare Increase
By Doctor Wealth  •  January 23, 2015
Oil prices have dropped like a stone, yet the PTC has approved yet another public transport fare increase. We take an in-depth look at the bugbear of every Singaporean – the annual public transport fare increase. — Every year, the members of the Public Transport Council (PTC) in Singapore meet to review public transport fares. It’s an annual exercise that the majority of folks in the country dread because it usually means an increase in public transport fares. In the past, these fare increases have mostly flown under the radar. However, in recent years, the twin pressures of increasing living costs and a population bursting at the seams, coupled with a public transport system that keeps breaking down, have raised the ire of many commuters and the annual fare review only serves to rub more salt into the wound. Table of Bus Fare Increases in the Past Decade
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By Doctor Wealth
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