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      ], "answer" : {"_about" : "http://data.parliament.uk/resources/347068/answer", "answerText" : {"_value" : "<p>The bus market outside London is deregulated, with the vast majority of services provided on a commercial basis by private sector bus operators. Decisions on the level of fares is a commercial one for individual bus operators.<\/p><p> <\/p><p>The Department\u2019s own analysis suggests that the 25% reduction in fuel price earlier this year could translate into around a 4.25% reduction overall in bus industry costs. However, most large bus operators, who between them provide the majority of services outside London, have fuel hedging arrangements in place, which mean that, in the short term, lower fuel prices do not translate into lower costs thus limiting their ability to reduce fares.<\/p><p> <\/p><p> <\/p>"}
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      ], "questionText" : "To ask the Secretary of State for Transport, if he will encourage bus operators to pass on savings from the low price of bus fuels in the form of greater investment in the bus network and lower fares.", "registeredInterest" : {"_value" : "false", "_datatype" : "boolean"}
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