Transport fares must be immediately reduced to reflect gas prices, according to the Association of Passengers in Ghana (APG).
This demand was issued in a statement dated December 5, 2022, and distributed in Accra by Madam Afia Kwarteng Asamani, the Convenor of the APG.
The statement demanded that the Ghana Road Transport Coordinating Council (GRTCC), the Ministry of Transport, and the mother organisation of drivers union, the Ghana Private Road and Transport Union (GPRTU), immediately review and adjust transport fares to reflect the current market prices on gasoline and diesel in order to provide some relief to Ghanaian passengers.
The complete phrase is as follows:
REDUCE TRANSPORTATION FARES TO REFLECT REDUCTIONS IN THE PRICES OF PETROLEUM AND DIESEL.
The cost of gasoline and diesel has significantly decreased over the past week or two, according to the Association of Passengers in Ghana (APG).
We are hereby requesting that the Ghana Private Road and Transport Union (GPRTU), the Ghana Road Transport Coordinating Council (GRTCC), and the Ministry of Transport review the current transport fares and reduce them in order to reflect the current market prices for gasoline and diesel in order to provide some relief to Ghanaian passengers.
By doing this, the system's fairness will be ensured.
We are aware that the GPRTU and the GRTCC consider the cost of spare parts, as well as statutory fees like licence and vehicle income tax, among other things, when evaluating transportation costs.
We are also conscious of the fact that market gasoline and diesel prices play a significant role in determining whether or not transportation costs will grow.
Because of this, whenever the cost of the two aforementioned goods rises on the market, transport companies ask the governmentvia the Ministry of Transportto approve an increase in the cost of transportation.
You may find it interesting to know that since the GPRTU increased fares by more than 15% over the past two months, our association's members have found it difficult to pay these large increases in transportation costs.
Our research from a few energy-related institutes, like COPEC and the IES, suggested that gasoline prices will continue to fall in the days to come, which is why we made this recommendation.
We, as a group, also think that the Bank of Ghana's action has contributed to the sharp and favourable fall in gasoline prices.
In order to prevent the passenger from always having to bear the brunt of gasoline price hikes, we are urging the transportation unions to take the necessary action as soon as it is practical but also encouraged to feel relieved if the price of the commodity is reduced.
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Transport fares must be immediately reduced to reflect gas prices, according to the Association of Passengers in Ghana (APG).
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