The taxi company Vinasun has increased fares by about 11 to 12 per cent, while several electric taxi operators, including GSM, have cut fares by around 10 per cent between March 11 and 31.
According to Nguyen Quoc Vinh of the Ho Chi Minh City Department of Construction, escalating tensions in the Middle East have directly affected global energy markets, pushing petrol and oil prices higher in early March.
Compared with late February, petrol prices have risen by about 45 per cent while diesel prices have climbed roughly 59 per cent, significantly increasing operating costs for transport companies.
“Fuel typically accounts for about 25 to 35 per cent of total operating costs for transport businesses. When fuel prices surge, vehicle operating expenses rise immediately,” Vinh said.
Data from the department shows that Ho Chi Minh City currently has 2,115 fixed passenger transport routes operated by 97 companies with 2,758 vehicles in service.
As of March 11, authorities recorded 18 of the 97 operators, about 18.5 per cent, announcing fare increases on 102 transport routes. Ticket prices have risen by between 5 and 36 per cent depending on the route and operator.
However, several large transport companies have maintained stable fares and have not yet adjusted ticket prices or cargo transport charges.
Public transport services have remained unchanged. The city’s network of 179 bus routes and the Ho Chi Minh City Metro Line 1 continue operating normally without any fare adjustments.
