De-Politicizing Public Transport Fare Adjustment – Incremental Cost Model

September 4th, 2012 No Comments   Posted in Transport Fare

De-Politicizing Public Transport Fare Adjustment – Incremental Cost Model

In an oil deregulated regime, wherein oil companies adjust prices on a weekly or monthly basis in response to rapid changes in the international prices of crude oil and finished petroleum products, the public transport sector normally bears the brunt of the price adjustments since the public fare structure is subject to public hearings at the Land Transport Franchising & Regulatory Board (LFTRB) before any upward or downward adjustments are approved and implemented. More »