Topical Questions

Part of Oral Answers to Questions — Transport – in the House of Commons at 9:30 am on 28th January 2016.

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Photo of Patrick McLoughlin Patrick McLoughlin The Secretary of State for Transport 9:30 am, 28th January 2016

I hope that bus fares come down as a result of falling fuel prices, but I would also point out to the hon. Gentleman that fuel prices are only one part of the industry’s costs—I think they represent about 40% of the costs. Another part is investment in new buses, which I very much welcome—I have seen many examples of that. Quite often the oil is bought in advance, but I agree with him that the bus companies should look to see whether there is room to reduce the cost of using buses.