Drivers plying various routes in Ghana are yet to charge new transportation fares.
The Ghana Private Road Transport Union (GPRTU) is set to announce new transport fares by next week.
General Secretary of the GPRTU, Mr. Stephen Okudzeto said the new fares will reflect fare increases that have been “projected into the future.”
In an interview with Radio Gold Thursday morning, he said all required inputs such as insurance, lubricants, spare parts and others needed for running commercial vehicles have been factored into the new fares soon to be announced.
Stephen Okudzeto said an announcement of the new fares next week is awaiting the consummation of usual protocols the process of announcing transport fares requires.
He also welcomed as good news, the suspension of the implementation of hiked insurance premiums and described it as a step in the right direction.
He said while the GPRTU expects some increment in insurance fees, the increases should be reasonable as any unreasonable increases, could be transferred to passengers and lead to ripples in the transport sector.
It would be recalled the GPRTU promised that transport fares will be increased in June.
The Union after a meeting on May 4, 2015 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.