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Transport fares expected to go up by 10%

Transport fares are anticipated to rise by 10% later this week if the unionized operators, Ghana Private Road Transport Union and Ghana Road Transport Coordinating Council, can secure the Transport Minister’s approval. The meeting is expected to happen on this week Wednesday that is 22, June.

However, at a meeting between the two bodies and the Transport Minister last Friday, June 17th, 2022, there was some agreement that the fares should be reviewed. But a final agreement was not reached on the margin of increase of the petroleum products. There might be an increase of the transportation fares due to the rate at which the petrol and gas prices keeps on going high each day.

In nominal terms, it said petrol price will increase by about 10% to sell above ¢11per litre and diesel by about 15% to sell above ¢14 per litre. Price of Liquified Petroleum Gas (LPG), however, was projected to fall further by 5% from its current price. If this transportation fares keeps on going high, it might affect the economy badly in a sense that things will increase in prices too.

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Ghana Ghana Road Transport Coordinating Council LPG Liquified Petroleum Gas Private Road Transport Union


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