Public transport operators to decide fare increase
Groups representing public transport operators are to start meeting this week to decide on the level of fare increase they will request from the Government in light of the increased taxes on gas and licences.
The increase in the special consumption tax (SCT) on fuel that was announced last week by Finance Minister, Audley Shaw, takes effect on Wednesday.
Meanwhile, a 20 per cent hike in motor vehicle licences and fees takes effect today.
President of the Jamaica Association of Transport Owners and Operators (JATOO), Louis Barton says his group will decide on the amount it will request by Friday.
He says after that, JATOO will consult with the other lobby groups to work out an official position.
Barton says he cannot give a timeline for when that process will end but insists a request for an increase will be submitted to the Transport Ministry.
The increases on the SCT on fuel will range from $0.43 cents to seven dollars and $0.43.
Shaw said the increases will yield almost $8 billion in additional revenue.