New demand for fares hikes

Werner January says his union is requesting a 10% increase, effective from 3 December, in view of the latest fuel price hikes last week.

14 November 2018 | Transport

A little more than two months after taxi prices were hiked by 20% the Namibia Transport and Taxi Union (NTTU) has asked for a further 10% increase to address continuous fuel price increases.

NTTU president Werner January says the union is requesting a 10% increase effective Monday, 3 December in view of the latest fuel price hike last week.

Since August, petrol and diesel prices have increased every month.

In August, the energy ministry increased the prices of petrol and all grades of diesel by 25 cents a litre.

That was followed by another increase of 40 cents per litre for all petroleum products in early September.

In October, fuel prices increased by 50 cents per litre and last week, another price hike of 50 cents per litre for petrol and 70 cents per litre for diesel came into effect.

January said a corresponding taxi fare hike would help allay the rising costs of doing business and “enable taxi drivers and owners to recover their increased fuel expenditure”.

After repeatedly demanding that taxi fares be increased by 50% earlier this year, the NTTU was disappointed in late August when the transportation board endorsed a 20% fare increase.

The Economic Association of Namibia (EAN) stated in November that a number of factors had influenced the cost of fuel over the past year.

The association confirmed that petrol prices in Windhoek were now 19.6% higher, and diesel prices 23.5% higher, than at the beginning of the year and 24.7% and 28.9% higher than in November 2017.

“Pump prices for diesel have been increased since May 2018 and for petrol since June 2018. Higher oil prices and a weaker Namibia dollar have been the main reasons, but adjustments in the transport costs from Walvis Bay to inland destinations as well as the increase in the fuel tax added to price rises in previous months,” EAN said.

The annual inflation rate for the subcategory 'operation of personal transport equipment', which includes the fuel price, rose from 7.4% in January to 13.3% in September this year.

By comparison, the inflation rate for that subcategory in September 2017 was 5.0%.

The annual inflation rate in the subcategory 'public transport services', which includes taxis, saw a rise from 1.5% in January to 18% in September this year.

The rise from 1.7% in August to 18% in September was the result of the taxi fare increase.

By comparison, the inflation rate for public transport services in September 2017 stood at -0.1%.

JANA-MARI SMITH

Similar News

 

Oompangela dhokuhupitha ehangano lyoAir Namibia

4 days ago - 14 June 2019 | Transport

Okomitiye yoKabinete yOmahangano gEpangelo otayi ulike ongundu yaatseyinawa, ndjoka tayi ka ulikwa kwiikwatelelwa komagwedhelepo opo ku tulwepo oompangela oompe dhopangeshefa dhoka tadhi ka hupitha ehangano...

Air Namibia rescue plan

5 days ago - 13 June 2019 | Transport

The Cabinet Committee on Public Enterprises is to appoint a consultancy with a “very specific terms of reference” to come up with a business model...

Westair shakes up aviation sector

6 days ago - 12 June 2019 | Transport

An announcement by privately owned Westair Aviation that it will start offering passenger flights from Windhoek to Oranjemund and Ondangwa could put further pressure on...

Air Namibia business model in spotlight

6 days ago - 11 June 2019 | Transport

The embattled Air Namibia has appointed consultants to come up with a more suitable business model that would allow it to break even in the...

Minister denies Westair connection

6 days ago - 11 June 2019 | Transport

Public enterprises minister Leon Jooste today said he has no interest in Westair Aviation as alleged in the local media. He also said denied that...

Westair launches passenger flights

1 week ago - 10 June 2019 | Transport

Westair Aviation has announced the launch of domestic and regional passenger flights, with the maiden flight scheduled for 24 June between Windhoek and Oranjemund, departing...

Air Nam planes seized

1 week ago - 10 June 2019 | Transport

Only one of Air Namibia's four Airbus A319 aircraft is operational at the moment, with the remaining three having been seized in South Africa and...

Mutorwa highlights importance of WBCG

1 week ago - 07 June 2019 | Transport

Works and transport minister John Mutorwa has highlighted the significant role that the Walvis Bay Corridor Group (WBCG) plays in promoting Namibia as a gateway...

Air Nam denies operational hiccups

2 weeks ago - 31 May 2019 | Transport

Air Namibia says current operational challenges are all due to the economic slowdown experienced by all government institutions, but insists that it is business as...

Air Namibia abandons Lagos-Accra route

3 weeks ago - 24 May 2019 | Transport

In a statement issued this morning, Air Namibia announced that it, with immediate effect, has suspended its Windhoek-Lagos-Accra route. The route, which was launched at...

Latest News

Sky is the limit for...

2 hours ago | Technology

Ester Kamati Megan Werner, an experienced model and published author, recently finished building an aircraft along with 20 other youth, which they plan to fly...

The weight of expectation

2 hours ago | Columns

A huge weight of expectation will undoubtedly rest on political leaders vying for office later this year. While there is a sense that the current...

It’s not that serious!

2 hours ago | Columns

Ester KamatiThis may be a worn-out topic but the need to talk about it is quite strong. Lately romantic relationships among youth have simply become...

New name for Etakaya

2 hours ago | Education

Justicia Shipena Etakaya Primary School, situated at Etakaya village of Etakaya in the Ohangwena Region, was recently renamed Sakaria H Nghikembua Primary School.The school...

Feeling the momentum!

2 hours ago | Sports

Ester KamatiWindhoek High School’s Vegkop stadium is home to many memorable games when it comes to rugby and this year was no different. The stadium...

Improving Africa through constructive debate

2 hours ago | Education

Ester KamatiThe 2019 Day of the African Child Debate and Public Speaking Championships knockout rounds were held at the St George's ­Diocesan School on 14...

40 000 to benefit from...

2 hours ago | Environment

More than 40 000 beneficiaries are expected to benefit from a climate change project in the Kunene Region.This is 57% of the total population of...

Houses, drought relief food not...

2 hours ago | Infrastructure

People should not see houses built for them as a way for the ruling party to campaign for the upcoming election, but rather as development...

A platform for leadership

2 hours ago | Education

Michelline NawatisesThe City of Windhoek Junior Council (JC) provides a platform for leadership potential and exposes learners to local challenges.They learn about local issues and...

Load More