Higher costs of living for Papua New Guineans in 2022

News that matter in Papua New Guinea

Higher costs of living for Papua New Guineans in 2022

PORT MORESBY: Amid the seemingly unabated global Coronavirus (Covid-19) pandemic, Papua New Guineans are expected to face higher costs of living in the New Year next week.

Bus and taxi fares are expected to increase, according to the Independent Consumer and Competition Commission.

Commissioner and chief executive officer Paulus Ain attributed the increase in the maximum (Public Motor Vehicle (PMV) and taxi fares for 2022 to the increase in the Consumer Price Index, as published by the National Statistical Office, and the subsequent increase in fuel prices this year.

The increases are also expected to have a domino effect in inflation, resulting in higher costs of living across the board.

Details of the grim news for Papua New Guineans were published by The National:

Bus, taxi fares to increase

December 30, 2021The NationalMain Stories

BUS and taxi fares are expected to increase in the new year, according to the Independent Consumer and Competition Commission (ICCC).
Commissioner and chief executive officer Paulus Ain attributed the increase in the maximum PMV and taxi fares for 2022 to the increase in the Consumer Price Index (CPI), as published by the National Statistical Office, and the subsequent increase in fuel prices this year.
Ain said based on increase in CPI for the 12-month period ending September 2021, and the increase in retail prices for diesel in the country this year, the maximum PMV fares for approved urban routes in the country were:

  • PORT Moresby: K1.20 per adult passenger;
  • ALOTAU: K1 per adult passenger;
  • POPONDETTA: 90 toea per adult passenger;
  • LAE: K1 per adult passenger;
  • GOROKA: 90t per adult passenger; and
  • KOKOPO: K1.10 per adult passenger.

“PMV fares for the non-urban routes for next year have also been increased on average,” he said.
He said public motor vehicle (PMV) and taxi fares were determined according to Section 21 of the Price and Regulations Act.
“The PMV and taxi fares are only applicable to the urban and non-urban routes as approved by the Road Traffic Authority,” he said.
Ain said based on increase in CPI and the average increase in retail prices for petrol in towns where taxi services were provided, the maximum flag-fall rate (starting rate) increased by K1 to K3.40, and the maximum distance rate (per kilometre) increased by K1.30 to K4.40.

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