In October the rate rises to $757 and without SUBE registered to $859

Subway and premetro fares are on the rise again in the City of Buenos Aires. Starting Tuesday, October 1, the fare with a registered SUBE Card will increase to $757, an increase of 16.46%, while the premetro ticket will cost $264.95. So far this year, the ticket has increased by 558%, double the annual inflation.

The rate increase was scheduled for August and previously in June, but the injunction filed by the left demonstrated the irrationality of the increase and managed to stop it for a few months.

But the biggest impact will be on those who have not managed to register their SUBE Card in the system. Those who do not have the card in their name will have to pay a differential rate of $859.07, which implies a 32% increase from the current rate of $650. The cost of a Premetro fare with an unregistered SUBE Card will be $300.67 starting in October.

The increase in transport fares is becoming increasingly unaffordable for workers, the main users of the system to get to work. In June of this year, 4.7 million fewer trips were made compared to the same month in 2023, a drop of almost 25%, according to official statistics. A service for fewer and fewer people, with a poor service after years of disinvestment that results in trains breaking down more and more frequently and one of the shortest-run services in Latin America, despite having been a pioneer.

In this way, by the middle of this year the subway was transporting 56% of the passengers that traveled in 2019, at pre-pandemic levels, with a loss of more than 11 million paid tickets.

Thus, in October, the rate increase requested by the EMOVA concessionaire of Benito Roggio, one of the country’s magnates, would be carried out. With the latest increase, the company would have had a growth in June revenue of 563.66% compared to the same month in 2023, based on a calculation based on the price of the fare (not counting discounts). This means almost 300 percentage points of inflation for the same period, of 271.5%. And also, a result without an increase in the number of passengers, quite the opposite.