Politics · Turkey · 1 day ago

Turkey signals possible limits on public transport fare increases

Turkey signals possible limits on public transport fare increases

Turkey is considering limits on public transport fare increases after Deputy President Cevdet Yılmaz raised the issue.

He said local governments’ fare rises can add to inflation, especially when they are far above the inflation rate.

City authorities set urban transport fares, and Yılmaz said increases should not greatly exceed inflation.

The comments come as Turkey continues efforts to bring inflation down, while price increases in services remain a concern.

No rules, specific limits or start date have been announced, so the proposal is not yet a confirmed policy.

The possibility matters because a limit could affect fare decisions by local governments and the cost of travel for passengers.

The government has not said what happens next or when further details might be shared.

What people are saying

Cevdet YılmazDeputy President of Turkey
In urban transport, increases by local authorities adversely affect inflation. We have an approach to setting a limit. Increases should not be far above inflation.
via Uzmanpara
In urban transport, increases by local authorities adversely affect inflation. We have an approach to setting a limit. Increases should not be far above inflation.
via Sabah

Sources

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