The City of Cape Town’s Urban Mobility Directorate can confirm that at this point in time, despite the substantial increase in the diesel price, the MyCiTi tariffs will not increase. MyCiTi tariffs will only increase should the diesel price breach the R27,51 threshold for two consecutive months, after which the increase becomes mandatory in the following month.
The Council approved budget for the current financial year allows the City to adjust MyCiTi tariffs in order to mitigate the risk of significant fuel price fluctuations in future, and to be more cost-reflective of the diesel price which has a huge impact on the cost to operate the MyCiTi bus service.
‘The City is committed to providing an affordable and reliable MyCiTi service. However, we also have a responsibility to ensure the financial sustainability of the service,’ said the City’s Mayoral Committee Member for Urban Mobility, Councillor Rob Quintas.
The wholesale diesel price is currently R22,58 per litre. Given that it has not breached the R27,51 threshold, the MyCiTi tariffs remain as is, for now.
For a fare increase to be implemented, this threshold must be exceeded for two out of three months, or two consecutive months.
‘The Urban Mobility Directorate is committed to providing accessible and equitable transportation for all our residents, and our budget is structured in such a way that allows for fares to be adjusted during the financial year only following significant and sustained fuel price changes beyond a set threshold. This is a carefully considered approach that is designed to ensure a resilience to fluctuations in the wholesale diesel price, protecting residents from erratic price shocks,’ said Councillor Quintas.