Subsidy Removal: We Won’t Increase Transport Fare Despite Fuel Price Hike - Peace Mass

Subsidy Removal: We Won’t Increase Transport Fares Despite Fuel Price Hike – Peace Mass

12 months ago
1 min read

By John Adoyi and Ndidiamaka Ede, PBA Journalism Mentees


Despite the sudden hike in pump price of Premium Spirit (PMS) due to the subsidy removal by the federal government, Peace Mass Transit has declared its intention not to increase transport fares for all routes it plies.

The Transport company said this gesture is to help in mitigating the suffering of its customers across Nigeria.

This was made known in a statement released by the company on Monday, June 5.

READ ALSO: Fuel Subsidy: FG Should Deregulate, Sell Refineries For Efficiency- Envoy To Burundi  

“All our travelling customers will not have to pay more for their journeys, despite the recent over 200% increase in the price of fuel nationwide” The company tweeted on Wednesday, June 7, 2023.

According to the management, the 12 cooperative societies that operate the Peace Mass Transit (PMT) executed this instruction which was given by the Chairman of the company, Dr Sam Onyeisi.

The general manager of the company, Mr Ifeanyi Enete, said Dr Onyisi has directed the management team to maintain the old price despite the new petrol price increase. “Our chairman, in his benevolence, has directed us not to increase transport fares, despite the skyrocketed increase in the pump price, as a result of fuel subsidy removal.

“The decision to personally defray the extra cost of transportation by the PMT fleet is a gesture of goodwill to support the company’s teeming customers, who are burdened by the increasing cost of living in the country,” Mr Enete stated.

The management also noted that it is not going to be easy for the company, but it is being done for the sake of Nigerians.

“All should think about what we can do for Nigeria, and not what Nigeria can do for us. It will definitely be tough but we shall endure for the sake of humanity, after all we were paying our workers during COVID-19 without any income,” he added.

Peace Mass Transit ( PMT), owned by Dr Samuel Maduka Onyeisi, is a transport company that has existed for over two decades, offering inter-city and inter-state transport services.


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