Transport fares to go up

Posted on January 18, 2021January 18, 2021
by Nana Kwesi Coomson
Comment

Transport operators are likely, in the coming weeks, to push for an increase in transport fares.

The likely price increment in fares comes on the back of a review of prices of petroleum products sold to Oil Marketing Companies by Bulk Oil Distributors in the country.

The review will see prices going up between one per cent and three per cent, with a litre of diesel selling at GH¢ 5.05 pesewas and a gallon selling at GH¢ 22.72 pesewas.

A litre of petrol, on the other hand, will be selling for GH¢ 5.14 pesewas with a gallon going for GH¢23.13 pesewas.

The likely push in the increment of transport fares by transport operators is in view of the current convention between government and operators that should prices of petroleum products go beyond five per cent within a quarter, there should be talks for increments in fares.

Bulk Oil Distributors are expected to forward the new prices to Oil Marketing Companies this weekend for the necessary price changes starting this week.

POST TAGS

Transport fares

ABOUT: Nana Kwesi Coomson

[email protected]

An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.

View all posts by: Nana Kwesi Coomson