Disappointment as fare drop ruled out

Bus companies have ruled out cutting their fares despite the cost of crude oil having dropped by more than half recently.

In letters to North East MSP Alison McInnes, two bus operators confirmed that they will not cut their fares.

Ms McInnes commented: “I am disappointed that bus passengers will not see the benefits of falling diesel and petrol prices for quite some time.

“The companies should be considering renegotiating their bulk buy contracts. Savings should be passed on as quickly as possible.”

Stagecoach chief executive Martin Griffiths said that fuel represents only 11 per cent of their total operating costs and there are many other factors which have an influence on fares levels.