Transport fares to go up?

Transport operators in the country are contemplating on whether to increase transport fares as a result of the frequent increment in petroleum prices.

Currently, a litre of diesel and petrol are being sold at GHS5.18 pesewas and GHS5.14 pesewas respectively by some Oil Marketing Companies (OMC).

Some major OMCs in the Accra Metropolis such as Shell and Total have increased their prices marginally, while the state own, Ghana Oil Company (Goil), is yet to adjust its prices as at Tuesday morning.

Speaking in an interview with PrimeNewsGhana, the National Vice Chairman for the Ghana Private Road Transport Union (GPRTU), Robert Sarbah, said “we [Transport operators] are now going to meet and decide whether to increase the fares or not”.

He said “we take into consideration cost of spare parts. We use inflation and the dollar rate against the cedi to also determine the transport fares”.

Mr. Sarbah explained that “it is the cedi that is not performing well against the dollar that is why fuel prices have been increased so if something can be done about that, we shall not increase it”.

Meanwhile, energy experts have predicted that fuel prices will go up again due to the cedi depreciation against the major foreign trading currencies, especially, the dollar.

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