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Originally Posted by kbt7046
Bus fare, MRT fare and electricity rates in SG also same, not just ferry operators.
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Yes true but bus fare, MRT fare and electricity rates go up and down moderately in line with oil price. But ferry ticket prices go up a lot about 10 yrs ago and never come down when oil price fell a lot. 1 direction only - up and up a lot!
Quote:
Originally Posted by kbt7046
Ferry operators are suffering substantial losses during past 2 years due to border closure, need to recover losses, understandably.
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Most of us also suffer losses past 2 yrs. Who do we recover our losses from? Also ferry operators can reduce losses from laying off staff and not having to pay for oil and ferry terminal charges.
Quote:
Originally Posted by kbt7046
However SMRT, SP Power, SBS & etc are still making profit, still raise price whenever there is hike on oil price.
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The price hikes for these are more modest and gradual, and for SP Power, it also comes down when oil price fall.