The Industrial Relations Officer of the Ghana Private Road Transport Union (GPRTU), Abbas Ibrahim Moro, has warned of yet another increment from Monday, March 21, 2022 if fuel prices are not reduced.
“By Monday if fuel prices are not reduced, within the week, we shall come out with new transport fares”. He said
The recent transport fares took effect from Saturday, February 26 and due to the escalating fuel prices in Ghana, transport operators say they have no option than to review fares upward again from Monday.
“We are in commercial business, nobody buys something for GH¢3 and sells it at GH¢2, which is why people travel to China to make business. We have given ourselves this week and you [Ghanaians] will definitely hear from us next,” Alhaji Moro told 3FM’s Sunrise host Alfred Ocansey on Thursday.
He added, “It comes with the other components. We have to sit and look at other components before coming out with the fares.”
Barely three weeks after transport fares were increased by 15 percent, there’s going to be another 10 percent increment.
“Previously, we were not going by the 25 percent threshold of fuel price increment but now we have stopped that. We are going by a 10 percent threshold of fuel price increment”.
This was according to a statement by the Chamber of Petroleum Consumers Ghana (COPEC) , it said the Free On Board prices of petrol increased by 19.28% from $917.48/MT to 1094.33/MT, diesel by 34.57% from $845.50/MT to $1137.78/MT and LPG by 17.42% from $845.93/MT to $993.25/MT between the first pricing window (1st-15th March 2022) and the second window (16th -31st March 2022).
