CoCT: MyCiTi bus fares not increasing despite fuel hike

MyCiTi bus passengers don’t need to worry about the knock-on effect of the recent hefty fuel price hike, for now.
The City of Cape Town’s Urban Mobility directorate said MyCiTi tariffs would not increase, despite the steep fuel price hikes announced last week.
The metro’s Urban Mobility MMC, Rob Quintas, said the tariffs would only increase if the wholesale price of diesel breached the R27.51 a litre threshold for two consecutive months.
It’s nowhere near that mark yet.
“Our budget is structured in such a way that allows for fares to be adjusted during the financial year only following significant and sustained fuel price changes beyond a set threshold,” said Quintas.
-EWN
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