The Ghana Private Road Transport Union (GPRTU) has hinted at a potential increase in transport fares following projections of higher fuel prices in the upcoming pricing window.
Thank you for reading this post, don't forget to subscribe!The next fuel price adjustment is expected to take effect on Monday, March 16, and industry observers anticipate an upward movement in pump prices across the country. This development is likely to intensify the financial burden on commercial transport operators.
Recent industry data shows that the indicative price floor for petrol has increased to GH¢11.57 per litre, compared to GH¢10.46 recorded during the March 1–15 pricing window. Diesel prices have also surged significantly, rising from GH¢11.42 to GH¢14.35 per litre. Meanwhile, the price of liquefied petroleum gas (LPG) has gone up from GH¢9.38 to GH¢10.67 per kilogramme.
Within the same month, petrol has increased by GH¢1.11, diesel by GH¢2.93, and LPG by GH¢1.29. Transport operators say these increases place considerable strain on their businesses, especially at a time when other operational expenses remain elevated.
According to Abass Imoro, the Industrial Relations Officer of the GPRTU, drivers are already feeling the pressure as the cost of maintaining vehicles continues to climb.
Speaking during an interview on Channel One TV on Sunday, March 15, he disclosed that the union had previously stopped some drivers from unilaterally raising fares.
“We operate to make a profit, but transport fares have stayed the same for quite some time. Some drivers attempted to increase fares on their own, but we stepped in to prevent that, which shows there is a growing demand for adjustments,” he said.
Mr. Imoro also noted that the prices of spare parts, engine oil, and other maintenance essentials have been steadily increasing, adding to the challenges transport operators face.
He explained that although the union does not hastily implement fare increases, a substantial rise in fuel prices would likely prompt a review.
“If fuel prices go up significantly, then passengers should naturally expect adjustments in lorry fares,” he added.