Ferry ticket prices to be reduced by 2.6%

Upon decision of the Ministry of Shipping the maximum allowable pricing of ferry tickets is being readjusted, with a consequent reduction of about 2.6 percent in ferry ticket prices. The reductions involve state subsidized routes and free lines between ports which transport no more than 150,000 or 300,000 passengers, and apply to fares for passengers, cars, small commercial vehicles and trucks. The decision does not apply to ferry routes on which there is no maximum allowable pricing. Prices for free lines are not binding but indicative. The ministry intervenes only in cases involving cartels. The government is also considering measures to further reduce ferry fares, which for some routes are disproportionately high.

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