GPRTU threatens 30% to 40% increase in transport fares.

GPRTU threatens 30% to 40% increase in transport fares.

The Ghana Private Road Transport Union (GPRTU) has warned of a possible 30–40% rise in transport fares.

The decision made by the Union is in response to the recent increase in the cost of petroleum products.

On Tuesday (October 18), the Union asserts that it will present these requests to the Transport Ministry during talks for the upward adjustment that are scheduled to take place at that time.

In an interview with Citi FM, Godfred Abulbire, the General Secretary of GPRTU, said that the organisation would work to ensure that their requests are realised.

“By Tuesday, we are going to begin our negotiations. We are going to begin our negotiations with the forecast or reports that we have gotten and from there, we will know by what margin [we will increase transport fares].

“But if you look at it fairly, the fares should not be increased by less than 30 percent to 40 percent. Anything less than that will have a serious effect on the transport sector,” Mr. Abulbire said.

At the moment, Oil Marketing Companies (OMCs) have started to raise the cost of petroleum products that customers pay at the pumps.

According to research conducted by Joy Business, certain OMCs have increased the price of a litre of petrol to GH¢13.10 from the previous price of GH¢11.10, representing an increase of around 16%.

On the other hand, compared to its former price of GH¢13.90 per litre, diesel fuel now costs around GH¢15.99 per litre. This is a significant increase. This amounts to around a 12% increase.

In a similar vein, it is anticipated that the cost of liquefied petroleum gas (also known as LPG) would increase by around 10% starting tomorrow, October 17, 2022.

However, the pricing differences between OMCs for various petroleum products will vary depending on where you get your gas.

Source: ghananews.hrforum.uk