Public transport users in York will not benefit from fuel price reductions

The media is reporting that First buses do not intend to reduce fares in the light of the recent 20% reduction in diesel costs.

Fuel price graph Aug 2015

Pump prices have fallen for a high of 150 pence per litre to just 112 ppl in York this week. The downward trend in diesel prices has been sustained since First last increased their charges.

In some cases – season tickets – prices will actually increase.

The decision mirrors that of the taxi trade which declined to pass on the benefits of lower prices to customers earlier in the year.

Yesterday the government announced that regulated rail fares would increase by 1% in January. A study by suggested 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.