The Ghana Private Road Transport Union (GPRTU) has pledged to reduce transport fares if fuel prices fall to ¢12 per litre.
Speaking on Joy News’ PM Express on Tuesday, March 18, Samuel Amoah, Deputy Public Relations Officer of GPRTU, outlined the factors that influence fare adjustments and explained why fares have not been reduced despite recent declines in fuel prices.
Amoah explained that the GPRTU had already been considering a fare increase prior to December due to rising costs of spare parts, fuel, lubricants, insurance, and DVLA taxes. However, he noted that the union had held off on the price hike due to promises that conditions would improve.
While fuel prices have decreased slightly, Amoah said the drop has not yet been substantial enough to trigger a fare reduction. “Yes, we have seen the fuel price coming down a little bit, but it has not reached the level that would justify a reduction in transport fares,” he said.
He added that transport fares are determined by a range of factors, not just fuel prices, and that the union uses a 10% threshold to assess fare changes. “We assess where the fuel price was and where it has gotten to, but we also consider other components like spare parts, lubricants, and various taxes,” Amoah explained.
Mr. Amoah referred to the last fare increase, which took place when fuel prices were approximately ¢12 per litre, with current prices for diesel at ¢15.49 and petrol at ¢14.99. “We are praying that fuel prices drop to at least ¢12 per litre. If that happens, we will reassess the situation,” he said.
Despite the potential for a fare cut, Amoah cautioned that the cost of spare parts remains a significant challenge. “Looking at where spare parts prices are now, it will be difficult for us to reduce transport fares immediately,” he warned.
GPRTU’s statements highlight the complex factors involved in determining transport fares and the economic pressures facing transport operators in Ghana. The union has reiterated that any decision to reduce fares will depend on fuel prices falling to the ¢12 threshold.
Source:TheDotNews