PMV and Taxi Fares

Price Regulation
>Prices & Productivity

The ICCC sets the maximum fares for all licensed PMV routes in the country, both the urban and non-urban PMV routes. It also set the taxi fares, especially in centres where taxi services are provided. Currently, taxi services are only provided in Port Moresby, Lae, Mt. Hagen, Kokopo, and Alotau. The regulatory period for PMV & Taxi is set for five years, and taxi fares are adjusted annually. The main factors used by the ICCC to annually adjust the maximum fares are fuel prices and the Consumer Price Index (CPI).