PTC approves fare hike, gives rebates.

Breaking News: Bus and train fares up on 1 October

Excerpts from Channel NewsAsia:

SINGAPORE – Most bus and train journeys except those for children, students and national servicemen, will see fare changes from 1 October 2008.

The Public Transport Council (PTC) has given the green light for an overall net fare adjustment that will result in fare changes that will range from a 7-cent reduction to a 4-cent increase per journey.

Adult EZ-Link fares on buses and trains and the senior citizen concession EZ-Link fare, will see a flat increase of 4 cents per ride.

However, this will be offset by the 15-cent increase in transfer rebate from the current 25 cents to 40 cents.

Visit Channel NewsAsia for the full report.

The PTC’s press release can be viewed here.