Public transport fares in the Australian state of New South Wales will rise by three percent from July 4, an increase Transport NSW says comes in below inflation to help relieve the cost of living pressures.
The three percent rise is lower than the 4.4 percent increase in the Sydney consumer price index to the March quarter and less than the Independent Pricing and Regulatory Tribunal’s recommended five percent increase, a move Transport for NSW Chief Operations Officer Howard Collins said keeps Opal fares across Sydney affordable.
“Opal fare adjustments for the next 12 months have been kept to a minimum and for the vast majority of our customers these fare changes will mean an increase of less than $1 a week,” he said on Tuesday….