Golden Arrow Bus Services has announced that it will be increasing its passenger fares by an average of 9.5% as of Monday December 31.
The bus company said the adjustment was primarily necessitated by the high fuel price increases, which despite the recent respite, have nonetheless increased by approximately 34% in the last 18 months.
Golden Arrow says a fares adjustment is unavoidable following a decision to hike wages by 9% earlier this year. These two cost items make up approximately 74% of Golden Arrow’s total costs.
Passengers can postpone paying the increased fares until Sunday January 13 in the case of 10-ride Gold Card packages (which are valid for 14 days) bought on Sunday December 30 and until Tuesday February 5 in the case of monthly Gold Card packages (valid for 37 days) bought on the same date.
The new fares can be obtained from the Transport Information Centre on 0800 65 64 63.