The Ghana Private Road Transport Union (GPRTU) has assured commuters that transport fares will be reduced if fuel prices drop to approximately ¢12 per litre.
On Tuesday, March 18, GPRTU’s Deputy Public Relations Officer, Samuel Amoah, explained that fare adjustments are influenced by various economic factors, which is why a reduction has not yet been implemented despite the recent dip in fuel prices.
“Before December, we were already considering fare increments due to the rising cost of spare parts, fuel, lubricants, insurance, and DVLA taxes,” he noted. However, they delayed the increase based on expectations of improved conditions.
While acknowledging the slight drop in fuel prices, Mr. Amoah emphasized that it is not yet significant enough to warrant a fare reduction.
“We assess fare adjustments using a 10% threshold, considering fuel prices alongside costs of spare parts, lubricants, and taxes,” he explained.
Reflecting on previous fare hikes, he noted that fuel prices were around ¢12 per litre at the time, compared to the current ¢15.49 for diesel and ¢14.99 for petrol.
GPRTU remains open to fare reductions but insists that fuel must fall to ¢12 per litre before a review can be considered. However, he cautioned that high spare part costs remain a challenge.