Bus fare saga
Let’s talk about the figures honestly
The last bus fare increase in Fiji was in 2009. It was ten years ago and there is a need to review it. But, a review does not mean that an automatic fare increase would be granted without the financials of bus companies being scrutinised first.
For this, all bus operators should provide at least three years of their financials for any comprehensive comparison to be done.
The Independent Bus Fare Review chair Joel Abraham has asked for two years’ financials, but it would be a good idea to check out their books from the days when eTransport cards were not compulsory.
It is also important to take note of duty concessions that bus operators have received in the past ten years, which have allowed them to bring in more and new buses at cheaper costs which should require lesser maintenance work.
Some factors to be mindful of:
After eTransport was made compulsory, it has been noted that our bus operators collectively rake in around $100 million in revenue.
While fuel prices have fluctuated, it has not been a steady increase, so that cannot substantiate a fare increase. Based on the overseas demand and supply, we have noted decreases in fuel price as well.
Bus drivers are now being paid a weekly wage by the bus operators, which is an added cost to them. Buses have been damaged regularly by passengers.
Fiji Sun has published reports of the extent of damage some new buses have sustained.
It has been a decade since fares were reviewed But, bus operators have benefited from the duty concessions they have received.
A petition signed by more than 700 people who do not want bus fares increased is gaining traction. They also have a valid reason for their objections and they should also be heard. While bus operators are claiming that a few of them do not have money for fuel in coming days, this is fast being seen as a blackmail tactic by the industry, which will backfire on them when their financials are scrutinised.
Tens of thousands of Fijians travel on buses daily. Any increase will need to factor in how it would impact the bus travelling public.
Any attempt by the operators to try to bulldoze their way to a bus fare increase may not be the best tactic. They need to be heard but they need to be upfront about how much money they earn every year.
Tens of thousands of Fijians travel on buses daily. Any increase will need to factor in how it would impact the bus travelling public. Any attempt by the operators to try to bulldoze their way in getting an increase may not be the best tactic.