Taxi commuters will have to dig deeper into their pockets soon. The South African National Taxi Council (Santaco) announced that it will increase taxi fares by 10%, IOL reports.
According to the IOL report, the decision to increase fares, said Santaco, came after considering operating costs affecting the taxi business, and the influence of recent petrol price increase, which followed another increase earlier this year.
Earlier this week, Wits School of Economics analyst Tshepo Mokoka told The New Age that when petrol price goes up, it has a direct effect on transport costs and these increases will be passed on to consumers. The petrol inflation year to date is already over 20%.
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