Transport Fares Increase Marginally

By Daily Guide
Previous |  Next 
By Daily Guide

7/22/2013 2:32:26 PM -

After a meeting with government and other stakeholders last week in Accra, transport operators have indicated their resolve to increase fares this week following the increase in the prices of petroleum products by the National Petroleum Authority (NPA). The delay in increasing transport fares shortly after the announcement by the National Petroleum Authority (NPA) was to enable the transport operators consider certain operational costs.

They said although the increases in the prices of petroleum products were marginal, they would increase the transportation fares.

The pump price of petrol has been increased by approximately 1.71 percent, diesel by 1.27 percent and LPG by 6.18 percent.

Alhaji Aliu Baba, General Secretary of the Ghana Road Transport Coordinating Council, speaking to journalists in Accra, explained that other operational costs have to be considered in the operations of transport owners.

'The 1.7 percent increment is rather insignificant. But the conventional agreement we have with government requires us to adjust transport fares only when the increases over a period of time reach the 5 percent mark and above.'

Components such as spare parts, lubricants, insurance, wages, as well as levies-Vehicle Income Tax are all important factors in the determination of transport fares.

He therefore appealed to commuters to bear with transport operators and pay the new fares.

By Samuel Boadi
 

PEOPLE MIGHT NOT LOVE ME BUT I LOVE ME MYSELF
By: akoaso,Hamburg-Germa

Polytanks Ghana launches new range

Friday, July 25, 2014

Polytanks (Gh) Ltd, the leading manufacturer of plastic water storage tanks in t ...
read more »

Cheki Ghana interacts with over 100

Sunday, July 27, 2014

Cheki Ghana has rolled out innovations to take the sale of cars a notch higher. ...
read more »