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Transit fares are set by the authority, which the mayor does not control.
But as the rail firms rightly point out, many fares are set by the government.
However, unregulated fares, which include open returns and on-peak fares, are set by the companies themselves and can be very expensive.
Taxi associations argue that black cab meter rates are fixed, whereas Uber's fares are set by the company, which enables it to charge a "surge" fee during busy periods.
O'Toole said he believed Virgin had failed to exploit the possibilities to attract customers on to the trains in quieter periods, and promised a 15% reduction in standard anytime fares over the next two years, a pledge that would see the price of a £148 single from London to Manchester drop by around £22. Overall, fares are set to rise above inflation every year for the foreseeable future.
PT fares are set by the PTAs (where they exist), or local authorities.
Similar(48)
Before 1978, fares were set by the Civil Aeronautics Board, which generally let carriers pass along their costs.
Fares were set to undercut rival carriers, at less than £2,000 for the cheaper class and £3,000 for the top grade.
The minister responsible for rail fares is set to continue using an £80,000-a-year chauffeur-driven government car to commute daily between his Essex home and Westminster instead of the cheaper train, a spokeswoman for the Department for Transport (DfT) has said.
Previously fares were set to rise by RPI plus 3%.
In France, the base rate (minimum fare) is set at just 1€ (72p).
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