Fuel price increased Transport fares to go up in June

The National Petroleum Authority (NPA), last Saturday increased petroleum products by 9% with effect from Sunday, May 17, 2015

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Most drivers plying various routes in Ghana are yet to charge a new transportation fares.

The General Secretary of the Ghana Private Roads Transport Union (GPRTU), Stephen Okudzeto has promised that transport fares will be increased in June.

The Ghana Private Roads Transport Union (GPRTU) after a meeting Wednesday decided to stick to an agreed formula to increase the fares biannually. Commercial transport operators have been eager to increase fares since the announcement of a 9% increase in petroleum products.

But Mr. Stephen Okudzeto said various components would have to be considered before new transport fares are announced.

“We have all agreed that since there is an agreement between us and the transport ministry to review transport fares biannually, it is better we wait until the first week of June so that we come out with an official notice of increase,” he said.

Petrol is now selling at Gh¢3.33p from the current price of Gh¢3.5p. Diesel will also be selling at Gh¢3.24 up from the current price of Gh¢2.97 per litre. LPG is expected to be sold at Gh¢2.88 from the old price of Gh¢2.64.

Unified petroleum and kerosene for mining firms are expected to go up by 4 per cent. However, premix fuel and RFO will not see any price adjustments.

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