Putco bus commuters are breathing a sigh of relief after the state-subsidised commuter bus company announced that it will not be increasing bus fares.
This after fuel price increased on Wednesday, adding more strain to consumers who are already battling high food prices, including Putco passengers.
The Central Energy Fund (CEF) announced that the cost of diesel increased by R2.76 for 500ppm (R2.84 for 50ppm). Both grades of petrol – 93 and 95 – now cost R1.71 more per litre from Wednesday.
The CEF attributed the price increase to rising international fuel prices and a weaker rand.
Putco spokesperson Lindokuhle Xulu said the company is aware of concerns raised by passengers regarding potential fare increases due to recent fuel hikes.
He said Putco’s contracts with the Gauteng department of roads and transport allow the company to apply for and implement fuel-related increases.
However, the bus company said it has decided not to raise ticket prices, for now.
“Our passengers will be informed of any fare-related changes through Putco’s official channels, ensuring enough time to adjust,” Xulu said.
“We thank our passengers for their continued support and look forward to serving their transportation needs.”
In November 2022, Putco announced that the bus company intends to increase annual fares from January 2023.
The company said the decision was necessitated by operational costs, rising fuel prices, and high interest rates.
In May, it stopped its services, leaving thousands of commuters stranded after it announced that it will not be operating due to diesel shortages.
Putco said the disruption was as a result of unpaid subsidy claims by the Gauteng department of roads and transport in March.
Despite the bus company experiencing a turbulent year, Xulu said it is optimistic that 2023 will be a better year for commuters.
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