Taxi operators await Cabinet’s decision on remaining 16% fare increase

Taxi operators across the island say they are on edge as they await a Cabinet decision on when the remaining 16% fare increase will be implemented.

Two weeks ago public transport operators met with the Ministers of Finance and Transport over the delayed implementation of the balance of the fare increase.

The 16% represents the second phase of the 35% fare increase approved by the Government in 2023.

Nineteen per cent was implemented that year and the remaining 16% was due in 2024. 

However, that implementation was deferred by the Government due to varying economic shocks.

Speaking at that meeting, Finance Minister, Fayval Williams asked the operators for two weeks to determine whether or not the government can afford to implement the 16% in one or two tranches.

Discussion on the Cabinet submission for the fare increase is expected to be held today.

There have been threats of protest for weeks, as taxi operators highlight the challenges they face especially with fuel price increases.

In the meantime, President of the Transport Operators Development Sustainable Service, Egeton Newman is hoping the fare increase will be top of Cabinet’s agenda and that by later today or shortly after the announcement will be made.

He says the sector wants to hear when this month the increase will take effect.

He adds that normality cannot be guaranteed in the sector if an increase is not granted.

Mr. Newman says after the 16% balance takes effect they will apply for a fare increase.

Meanwhile, President of the St. James Taxi Association Dion Chance says members are restless.

He says they are not accepting the balance in tranches.