No fear over fares.
The Association of Maxi Taxi of Trinidad and Tobago or AMTTT is assuring the travelling Public and by extension, all their loyal customers that any decision regarding maxi taxi fares made would be in the best interest of all Stakeholders, especially in these tough economic times.
The Association met at the Route 2 Maxi Taxi office in Port of Spain earlier today.
Following the meeting a media release which was dispatch states that the AMTTT has carefully analyzed the Minister of Finance’s 2016 Budget Presentation and noted its subsequent increase in the price of Diesel Fuel.
Thus far, members of the Association have absorbed a 53.3 percent increase in fuel as well as further escalating costs related with vehicles, spare parts and services.
AMTTT Chairman, Eon Hewitt, in an interview with News Power Now indicated that members are anxiously awaiting Transport Minister Fitzgerald Hinds’ Budget contribution regarding a National Transport Policy and its impact on the industry.
The release also noted that there has been a 15 percent increase at every Budget Presentation since October 2015 and if this pattern continues, the entire Fuel Subsidy will be removed by the 2017/2018 Budget.
This should result in a final price of approximately $3.00 per/litre for Diesel.
A further announcement is expected to be made by the end of this month.