Monday July 24, 10:17 PM
SMRT plans fare hikes for its bus, MRT, LRT services
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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.

SMRT President and CEO Saw Phaik Hwa says that its proposed fare hike will not be sufficient to mitigate rising diesel costs.

It however supports the government's call for smaller and regular fare increases.

Can you sense the underlying tone? We are so grateful that although the fare hike is not sufficient, you guys are magnaminous enough to only limit it to one or two cents. Despite having high profits every year, we are sorry that it will eat into your profits. Sorry...