Transport fares to increase in 2018 - GPRTU warns

- Commercial drivers are threatening to increase transport fares

- The GPRTU says the high cost of spare parts is affecting them

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The Ghana Private Roads and Transport Union (GPRTU) has warned that drivers are more likely to be kicked out of work if transport fares are not increased.

Commercial drivers state that the high cost of vehicle spare parts and also fuel leaves them with no option than to increase the prices.

"We have fought hard not to increase the fares. The tyres that we use, the rings that we buy in overhauling our vehicles, the bearings; almost everything has gone up. With this, we have no choice but to increase fares to mitigate the impact,“ the vice chairman of GPRTU, Robert Saba, stated in an interview with Citi FM.

The cost of petrol is expected to remain the same or possibly reduce, according to a projection by the Institute of Energy Security (IES), which believes that petrol prices are doing very well across the world.

A statement signed by the head of research at the institute, Richmond Rockson, further stated that the good performance of the Cedi against the dollar is also causing the price of crude oil to be stable.

As at the morning of December 12, 2017, the total Gasoline and Gasoil within the period under review was 172,153 metric tonnes, with Gasoil import being 134,603 metric tonnes, while 37,550 metric tonnes of Gasoline was discharged into terminals.

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Source: YEN.com.gh