Transporters insist on anchoring fares to the dollar despite the increase to 100 bolivars
Transport representatives in Caracas demanded that the fare price be pegged to the dollar, despite the increase in the fare.
TL;DR
- Transport representatives in Caracas are demanding that bus fares be pegged to the US dollar.
- They argue that the recent increase to 100 bolivars is insufficient due to the bolivar's depreciation.
- A proposed solution is a monthly adjusted fare of $0.30 to cover maintenance costs.
- The union also requested a $30 monthly subsidy for vulnerable groups (students, elderly, disabled).
- The official urban bus fare was set at 100 bolivars, with higher rates for longer routes (150-180 bolivars) and metro systems at 80 bolivars.
- Some lines continue to charge the equivalent of one dollar regardless of the official rate.
- Transporters held a strike on March 16th but are open to dialogue if positive responses and concrete solutions are provided.