Bus fares in Bristol should fall as fuel becomes cheaper, say Bristol East
MP▸ Kerry McCarthy and Mike Greedy, of Passenger Focus (link below.)
http://www.thisisbristol.co.uk/news/Bristol-bus-fares-cut/article-426773-detail/article.htmlThey have challenged city operator First to get more people on to Bristol's buses by cutting fares as fuel prices drop.
First has raised fares twice in the past year ^ 4.1 per cent in January and six per cent in August ^ blaming the hikes on soaring crude oil prices driving up the cost of diesel.
Since its high point of almost $150 US per barrel in July, crude oil has now more than halved in price to just $65 US per barrel.
Ms McCarthy and Mike Greedy both believe that cheaper bus fares for Bristol's travelling public should be the result.
But First Bristol managing director Justin Davies said a fare review would not happen yet as the operator was not yet seeing the benefits of the falling costs of diesel.
The fuel was bought in the summer when crude oil was at an all-time high, he said, and the company continued to suffer from high electricity prices.
The argument did not wash with Ms McCarthy, who plans to meet Mr Davies soon to discuss fare prices in the city.