South African National Taxi Council (SANTACO) will meet with taxi operators following the increase in fuel prices in a bid to balance profit for taxi operators and public service to daily commuters.
SANTACO is ready to take into consideration the unpredictable and harsh economic times when they meet with taxi operators in June for possible taxi fee hikes.
In a media statement, SANTACO Spokesperson Thabisho Molelekwa announced that the annual review will be held in June amid the unpredictable fuel prices which may lead to an increase in taxi fare.
“Definitely the taxi fare increase is imminent, come the month of June…”
“The annual review will only be done in June. We are indeed facing pressure from our members due to the petrol price hike”, said Molelekwe.
SANTACO says the taxi industry sustained a lot of damage from the hard lockdown period and still recovering from the economic impact.
According to Molelekwa, the taxi industry lost R70 million a day during the first 21 days of hard lockdown in March-April last year.
“It will be a mistake to think that the industry has really recovered from the impact of lockdown since last year. We are still reeling from that”, said Malelekwe.
SANTACO says taxi operators will adopt a strategy whereby each province will assess their business dynamics and provide recommendations on the percentage of increase in taxi fare.
Yesterday all fuel prices increased, with the price of petrol up by R1.00 pushing the price to R17,32 per litre due to the weakening Rand against the US dollar and inflated oil prices.