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    • LTA assessing if bus operators need more support amid energy price hike | The Straits Times   https://www.straitstimes.com/singapore/lta-assessing-if-bus-operators-need-more-support-amid-energy-price-hike   According to the article from The Straits Times published on June 2, 2026, the Land Transport Authority (LTA) is evaluating the need for additional support for local bus operators due to the significant surge in energy prices caused by the ongoing Iran war.   Here are the detailed highlights of the situation:   1. Impact of the Conflict on Energy Prices   - War Outbreak: Following the conflict involving the US, Israel, and Iran starting February 28, 2026, and the subsequent closure of the Strait of Hormuz, global oil and gas prices have become highly volatile. - Price Hike: Brent crude rose from approximately US$73 on February 27 to a peak of US$114 per barrel, hovering around US$95 by early June.   2. Financial Strain on Bus Operators   - SBS Transit: Reported that its diesel and electricity costs spiked by more than 80% in March and April compared to February. - SMRT: Stated it is closely monitoring the situation as continued volatility could further increase long-term operating costs. - Other Operators: The LTA is also looking into the impact on Tower Transit Singapore and Go-Ahead Singapore.   3. Current Support Mechanisms   - Service Fee Adjustments: LTA currently pays service fees to operators based on market energy indices. This mechanism is designed to shield operators from the bulk of price fluctuations. - Supply Costs: Beyond market prices, LTA noted that operators are incurring extra costs just to secure a stable supply of diesel.   4. Government Intervention for Essential Services   - In April 2026, several ministries (MOE, MSF, and MOH) launched temporary funding to offset costs for essential transport services, including: - Primary school buses and Special Education (SPED) school buses. - Transport for disability services. - Transport for patients in long-term care or community dialysis. - This funding covers 13% of transport fare revenue for services rendered from April to June.   5. Broader Transport Impact   - Sea Transport: Ferry operators have already introduced fuel surcharges for trips to and from Singapore as of March. - Official Stance: Acting Transport Minister Jeffrey Siow stated that the government is keeping a "close watch" to determine if further intervention is required at a later stage to ensure bus services remain unaffected.    
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