TEL AVIV (Jan. 10)
Israeli public bus cooperatives will raise fares and will be one of the first public services to increase prices, in spite of Government efforts to maintain price stability this year, it was reported here today.
A governmental committee today found that the demands for higher fares by the bus cooperatives were justified because of last year’s devaluation of the Israeli pound, followed by wage boosts. These, said the committee, caused deficits which must not be met by fare increases of 10 to 15 per cent. A similar demand for higher fares by Israel’s railroads has been rejected by the Government.