The media is reporting that First buses do not intend to reduce fares to reflect the 20% reduction seen in diesel costs.
Pump prices have fallen from a high of 150 pence per litre to just 112 ppl in York this week. The downward trend in diesel prices has been significant and sustained since First last increased their prices.
In some cases such as season tickets prices will actually increase.
The decision mirrors that of the taxi trade which declined to pass on the benefits of lower fuel prices to customers earlier in the year.
Yesterday the government announced that regulated rail fares would increase by 1% in January. A study has suggested that regulated fare prices jumped 25% between 2010 and 2015, while average pay rose 9% over the same period.
Unfortunately there is currently no independent organisation in York lobbying on behalf of public transport users. The Council’s scrutiny committee pointedly ignores the subject of public transport costs and punctuality.