SBS & SMRT applied to raise bus and train fares on Oct 1

SINGAPORE'S two largest public transport operators have applied to raise bus and train fares later this year. Yesterday, SBS Transit and SMRT Corp confirmed they have applied to the Public Transport Council (PTC) to lift fares, citing the same reason: higher cost pressures because of rising energy prices.

SMRT said in a statement that even the maximum fare adjustment of 3 per cent - about four to five cents - would not fully offset cost increases due to an 'inflationary and higher operating cost environment'.