The Concerned Drivers Association of Ghana has announced a 15 per cent increment in transport fares, effective Monday, July 22, 2024.
The association attributed the increase in transport fares to the rising fuel costs at the pumps.
As of July 16, 2024, Shell, a market leader, was selling a litre of petrol at GH₵15.10 and diesel at GH₵15.25, up from the previous GH₵14.95 and diesel at GH₵14.85, respectively.
Star Oil was selling a litre of petrol at GH₵14.70 and diesel for GH₵13.93 while TotalEnergies sells a litre of petrol at GH₵14.80 and diesel for GH₵14.90.
But government-owned Goil was selling a litre of petrol at GH₵14.80 and diesel for GH₵14.92.
Some Oil Marketing Companies (OMCs) OMCs attributed the increase in prices to the rising international crude oil prices and the depreciating cedi.
Additionally, the drivers cited that the increase in essential items such as spare parts, crucial for the transport business, has further necessitated this decision.
In an interview, the Public Relations Officer of the Concerned Drivers Association of Ghana, David Agboado, expressed worry over the adverse effects these rising costs are having on the transport sector, thereby justifying the fare increase.
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“We will be increasing transport fares by Monday by 15%. The reason is that fuel prices have gone high. All that we use in servicing our vehicles has gone high. That necessitated the 15% increment,” he noted in an interview on Citi FM.
“Transport Ministry is not aware and we don’t need to sit with transport Ministry before we increase our transport fares. We keep saying this,” he added.