The Consumer Council of Fiji is calling for bus companies to submit audited financial reports to relevant authorities before any request for a bus fare increase is entertained.
The Council notes with interest the calls from the Fiji Bus Operators Association for an increase in bus fares after price increases in fuel for the third quarter in a row.
Since the bus fare review in 2009, there have been 23 price decreases and 30 price increases in the cost of diesel per liter recorded to date.
Also, the introduction of e-ticketing has addressed the issue of embezzling by bus drivers which was previously identified as a major drain of revenue by bus operators.
E-ticketing would have given bus operators a better idea of revenue for reporting purposes.
In light of the concessions given, together with high fares enjoyed over reducing fuel prices for prolonged periods, the Consumer Council believes that bus companies must reveal their audited accounts to the Fiji Commerce Commission and the LTA to indeed prove that an increase is warranted.