Fare Regulation

Fare regulation involves government rules that set or influence the prices charged for transportation services, like buses, trains, or airlines. These regulations aim to ensure fares are fair, prevent excessive charges, and promote affordable access for passengers. They can involve setting maximum fares, requiring transparency, or monitoring pricing practices. The goal is to balance the financial needs of service providers with consumer protection and public interest, encouraging competition and quality while avoiding exploitation or unreasonable costs for travelers.