Ghana

Transport Operators Issue Ultimatum as Fuel Prices Surge, Threaten Fare Hikes

The Ghana Private Road Transport Union has warned of a possible nationwide increase in transport fares if the government fails to urgently review taxes on petroleum products.

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The union has given authorities a two-day window to respond to the rising cost of fuel, which it says is placing unbearable pressure on commercial transport operators. According to the group, failure to act could leave them with no alternative but to adjust fares to reflect current operating costs.

Speaking on television, the union’s Deputy Public Relations Officer stressed that the decision was driven by recent developments in fuel pricing, which have significantly impacted the sector.

The concern follows the announcement by the National Petroleum Authority of new minimum fuel prices for the first half of April. Petrol and diesel prices have recorded notable increases compared to the previous pricing window, intensifying financial strain on drivers and transport owners.

The spike in fuel costs is largely linked to instability in global oil markets. Heightened tensions in the Middle East, including conflict involving the United States and Iran, have disrupted supply chains and pushed crude oil prices above the $100 mark.

Beyond fuel, the union highlighted additional financial burdens affecting its members. Costs associated with spare parts, insurance premiums, and vehicle licensing have all risen sharply in recent months. Operators say these cumulative expenses are making it increasingly difficult to maintain current fare levels.

Insurance premiums for commercial vehicles, in particular, have seen steep increases, while penalties related to delayed renewals have also gone up significantly.

The union indicated that it will soon engage internally to determine a possible adjustment in fares and present its proposal to the Ministry of Transport. However, it maintains that any decision could be avoided if the government intervenes swiftly by easing fuel-related taxes.

For now, transport operators remain on edge, awaiting the government’s next move as the deadline approaches.