According to the Ghana Private Road Transport Union (GPRTU), transportation fares have not been raised.
GPRTU Deputy General Secretary in Charge of Operations Richard Yaw Amankwah told the Ghana News Agency that the union intends to raise transportation fares but has yet to meet with the Ministry of Transport to present its proposal for consideration.
He explained that at their most recent meeting with the sector Minister in May of this year, it was agreed that transportation fares would be automatically adjusted whenever fuel prices increased by more than 10% cumulatively.
He stated that the Union was concerned about the rising cost of fuel at the pump, which led to the decision to benchmark transportation fares against fuel prices in order to sustain the transportation business.
“We conducted a survey on fuel prices and spare parts. The leadership team will meet on Monday to decide on the percentage to charge. Diesel was selling for GHS11.39 per litre before the increase; now it is GHS14.50. As a result, it is likely to rise,” Mr Amankwah predicted.
According to media reports, transportation fares have increased by 30%.
From September 1, 2022, fuel prices at the local pumps increased by about 5.4 percent, with petrol and diesel trading at an average of GHS11.55 and GHS 14.50, respectively.
Petrol and diesel were trading at GHS6.9 and GHS7.0 per litre on average at the start of the year.
The national average price per litre of petrol in the previous pricing window (which ended on August 31, 2022) was GHS10.95, up from GHS10.58 in the previous window, representing a 3.50 percent increase.
According to data compiled by the Institute for Energy Security, the national average price of diesel per litre was GHS 13.42, up from GHS 13.28 previously, representing a 1.05 percent increase (IES).
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