Transportation fares have been raised by 13% and will go into effect on Saturday

The Ghana Private Road Transport Union (GPRTU) has announced a 13% increase in transport fares, which will take effect on June 5, 2021.

Intercity (tro-tro), intercity (long-distance), and shared taxis will all be covered by the charges.

According to the organization, the decision was made to reflect the recent increase in gasoline costs.

The government, on the other hand, has “assured that it would continue with measures to prevent a substantial spike in input costs,” according to the report.

“The government has also informed us, via a letter from the Ministry of Finance, that the suspension of quarterly income tax payments by owners of ‘tro-tros’ and taxis would be extended to include Intercity commuter cars in order to decrease operational costs. As a result, we urge the government to honor its promises in this regard.”

As a result, the union has instructed all of its members to follow the updated tariffs and publish them at their loading ports.

“We also ask members, commuters, and the general public to work together to ensure the new rates are implemented successfully.”

Increase in fuel prices

Following the implementation of the newly-reviewed taxes on fuel, the margin on prices of petroleum products went up by 17 pesewas per litre.

But the NPA, after a meeting with stakeholders in the industry, reduced the 17-pesewa margin to 9 pesewas.

Until the recent increment, figures from the pumps showed that prices of petrol and diesel, which were both selling at an average price of GHS 4.7 per litre in December 2020, had risen to an average of GHS 5.74 as of mid-March 2021.

The 2021 budget introduced a new 10 pesewas Sanitation and Pollution Levy as well as a 20 pesewa levy to cater for charges on the country’s excess power capacity subject to parliamentary approval.

The Chamber of Petroleum Consumers (COPEC) has indicated that the percentage change in prices within the last two months is an 11% increase.

Fuel prices in the country have consistently seen a steady increase since the beginning of the year, sparking fears that consumers may end the year paying an all-time high rate per litre.

Source: citinewsroom


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