Transport operators will meet with Ghana's Ministry of Transport on Tuesday to push for a 30 percent fare increase, citing unsustainable costs from rising fuel prices and vehicle spare parts. The Chamber of Petroleum Consumers is urging the
If they believe there is nothing they can do about the high cost of petroleum products, we will lay our proposed percentage on the table for negotiation. Whatever agreement we reach, we will communicate to our members.
Rising fuel and spare parts costs cited as reason for increase
operators arguing that the current cost of running their businesses has become unsustainable due to rising fuel prices and increasing costs of vehicle spare parts.
COPEC calls for return of fuel price intervention program
The Chamber of Petroleum Consumers (COPEC) has urged the government to consider reintroducing the fuel price intervention introduced during the peak of the Middle East crisis.
Diesel prices near GH¢18 per litre, threatening further increases
with diesel prices again nearing GH¢18 per litre, further increases could worsen the financial burden on transport operators and commuters.
Transport operators are meeting with the Ministry of Transport on Tuesday, July 28, to discuss a proposed 30 per cent increase in transport fares. Rising fuel prices and the increasing cost of vehicle spare parts have put pressure on operators' businesses, prompting calls from transport unions for an upward review of fares.
The unions plan to present their concerns and negotiate possible measures with the government to address the challenges affecting the sector. The Deputy Public Relations Officer of the Ghana Private Road Transport Union (GPRTU), Samuel Amoah, said the unions would engage the government first to seek solutions to rising petroleum costs.
If they believe there is nothing they can do about the high cost of petroleum products, we will lay our proposed percentage on the table for negotiation. Whatever agreement we reach, we will communicate to our members.
Call for fuel price intervention
The Chamber of Petroleum Consumers (COPEC) has urged the government to reintroduce a fuel price intervention that was used during the peak of the Middle East crisis. The Executive Secretary of COPEC, Duncan Amoah, said the previous measure reduced diesel prices by GH¢2 per litre and petrol prices by GH¢2.09 per litre when fuel costs surged.
COPEC warned that with diesel prices nearing GH¢18 per litre, further increases could worsen the financial burden on transport operators and commuters. The chamber argued that the previous intervention provided relief to transport operators, motorists and businesses by reducing fuel prices.
Operators have argued that the current cost of running their businesses has become unsustainable, making the fare increase necessary to maintain operations.
Mentioned in this story
Meeting with transport operators on Tuesday, July 28, to discuss a proposed 30% fare increase and address challenges in the transport sector.
Disclosed meeting details and stated that transport unions will present their proposed fare increase percentage for negotiation with the government.
“If they believe there is nothing they can do about the high cost of petroleum products, we will lay our proposed percentage on the table for negotiation. Whatever agreement we reach, we will communicate to our members.”
Called for an upward review of transport fares and is expected to present concerns and negotiate with the government at the Tuesday meeting.
Urged the government to reintroduce fuel price intervention measures, arguing that previous interventions reduced fuel prices and provided relief to transport operators and consumers.
Appealed to the government to restore fuel price intervention, citing that previous measures reduced diesel and petrol prices significantly when fuel costs surged.