Our last fare exercise was in 2011. No fare exercise is ever popular, but periodic fare adjustments are necessary, especially in the face of rising wage and fuel costs. When such a fare exercise will take place and the quantum of any adjustment is for the PTC to deliberate. The FRMC’s proposal to allow for a smoothening of significant fare increases over two years using a roll-over mechanism is helpful. This will avoid excessive fare hikes in any one year. Full story
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