Public Transport Council Act 1987 · 2020 Revised Edition · Schedules
Schedule 3 · Fare adjustment formula
Feedback & supportTHIRD SCHEDULESections 49(1) and (2) and 72Fare adjustment formula
1. The fare adjustment formula is 0.5 cCPI + 0.4 WI + 0.1 EI − 0.1% + 1.1%, where —
fare
“fare” means —(a)any bus fare;(b)any train fare;(c)any ride-hail fare; or(d)any street-hail fare;
for an approval mentioned in section 49(1) in 2025 —
cCPI is the change in Core Consumer Price Index between the first 18-month period and the second 18-month period;
price
“price”, in relation to any fare, includes —(a)the amount of any rate, fee, levy and charge and any other valuable consideration (however described) for a journey by bus, train, taxi or bookable vehicle (as the case may be), whether or not it is paid or given to an operator of a bus service or train service, a provider of a street‑hail service or ride‑hail service or a driver of a bus, train, taxi or bookable vehicle;(b)the provision of, or arrangements for, a discount, concession, allowance, rebate or credit applying in relation to any amount in paragraph (a); and(c)in the case of a ride-hail fare, includes the amount of a booking fee,but does not include a consideration of a kind prescribed by the Minister by order in the Gazette for the purposes of this definition;
WI is the change in National Average Monthly Earnings between the first 18-month period and the second 18-month period, adjusted to account for any change in the employer’s Central Provident Fund contribution rate as specified in the Central Provident Fund Act 1953; and
EI is the change in Energy Index for electricity and fuel between the first 18-month period and the second 18-month period; and[S 669/2025 wef 09/10/2025]
for an approval mentioned in section 49(1) in 2026 or any subsequent year —
cCPI is the change in Core Consumer Price Index between the relevant first 12-month period and the second 12-month period that is immediately before that first 12-month period;
WI is the change in National Average Monthly Earnings between the relevant first 12-month period and the second 12-month period that is immediately before that first 12-month period, adjusted to account for any change in the employer’s Central Provident Fund contribution rate as specified in the Central Provident Fund Act 1953; and
EI is the change in Energy Index for electricity and fuel between the relevant first 12-month period and the second 12-month period that is immediately before that first 12-month period.[S 669/2025 wef 09/10/2025]
[Deleted by S 669/2025 wef 09/10/2025][S 669/2025 wef 09/10/2025]2. In this Schedule — “first 12-month period” means the period starting on 1 July of year N – 1 and ending on and including 30 June of year N;“first 18-month period” means the period starting on 1 January 2024 and ending on and including 30 June 2025;“second 12-month period” means the period starting on 1 July of year N – 2 and ending on and including 30 June of year N – 1;“second 18-month period” means the period starting on 1 January 2023 and ending on and including 30 June 2024;“year N” means the year in respect of which either or both the following occurs:
a new application for the Council’s approval under section 47 is made; (b)the Council undertakes a new review under section 48.[S 669/2025 wef 09/10/2025][S 798/2022 wef 10/10/2022]
Council
“Council” means the Public Transport Council established under section 3;