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The price of petrol has increased by R1 a litre while diesel has risen by between 63 and 65 cents.
RELATED: Fuel prices at tipping point - latest hike will have to be passed on to consumer
NTA spokesperson Theo Malele says that the increases will have a knock-on effect on the taxi industry, which has barely recovered from the impact of the Covid-19 lockdowns and restrictions.
"We may not even be able to meet our monthly financial obligations with our lenders", he tells CapeTalk.
Malele says the government needs to find a way to provide a subsidy for public transport sector.
The petrol increase means a plethora of issues that affect the industry.
Theo Malele, Spokesperson - National Taxi Alliance
It is not only fuel that's going to go up. This is also going to affect the fares, maintenance of the vehicles and other basic commodities
Theo Malele, Spokesperson - National Taxi Alliance
This will also hit on our already squeezed margins as an industry to the point that we may not even be able to meet our monthly financial obligations with our lenders.
Theo Malele, Spokesperson - National Taxi Alliance
Listen to the discussion on The Midday Report:
Copyright : Source : https://www.123rf.com/stock-photo/taxi_south_africa.html?oriSearch=taxi&sti=mgxkhh8aj6iyhnvuav|&mediapopup=126122414
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