Yuletide: FCCPC warns transporters against arbitrary fare hikes

Date:

By Abubakar Yunusa

The Federal Competition and Consumer Protection Commission has cautioned inter-city road transport operators against arbitrary and unexplained fare increases during the ongoing yuletide travel season.

The Commission said it received a surge in complaints from travellers across several parts of the country over sudden fare hikes.

In a statement on Sunday, the FCCPC, through its Director of Corporate Affairs, Ondaje Ijagwu, acknowledged that seasonal demand and operational pressures could affect transport pricing.

However, it stressed that passengers were entitled to clear, accurate and timely information on fares before embarking on journeys.

“Any fare adjustment must be transparently communicated and applied fairly,” the statement read.

READ MORE  First Bank gets Managing Director and Deputy Managing Director

The Commission noted that the complaints were coming amid reports of reductions in the pump price of premium motor spirit in some parts of the country.

It said while fuel cost was only one of several factors influencing transport fares, increases that were not properly explained raised legitimate consumer protection concerns.

Speaking on the development, the Executive Vice Chairman and Chief Executive Officer of the FCCPC, Mr Tunji Bello, said the Commission was closely monitoring market conduct throughout the festive period.

He disclosed that engagements with transport unions, park managers and operators nationwide had been intensified.

Bello explained that the engagements were preventive, aimed at encouraging responsible pricing, voluntary compliance and orderly market behaviour.

READ MORE  Oil Pipeline Vandalism Drops By 37.21% In January -NNPC

He clarified that price increases were not unlawful in themselves but warned that exploitative conduct taking advantage of heightened seasonal demand could attract regulatory action under the FCCPA 2018.

The FCCPC also warned that inadequate fare disclosure, coercive practices and coordinated pricing arrangements detrimental to consumers would face strict scrutiny.

Consumers were advised to confirm fares before travel, keep evidence of payment and report suspected unfair practices to the Commission through its complaint portal or designated hotlines

Never miss a moment! Get the stories shaping Nigeria, delivered straight to your phone. Follow Peoplesdaily Newspaper on WhatsApp for breaking news, exclusive reports, and the headlines everyone will be talking about, before anyone else.

READ MORE  Nami tasks FIRS workers, business community on Tax compliance

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

2027: ADC does not need coalition to defeat Tinubu, says Abdullahi

The African Democratic Congress does not need a coalition...

Presidency to Atiku: Nigeria’s borders are already open

The Presidency has tackled former Vice President Atiku Abubakar...

Police Arrest 4 Over Alleged Organ Harvesting, Human Trafficking 

Police Arrest 4 Over Alleged Organ Harvesting, Human Trafficking  The...

US set to deport 10 more Nigerians over various crimes

The United States has intensified its crackdown on what...