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The Concerned Drivers Association of Ghana has announced a 15% hike in transport fares, effective from Monday, July 22, citing escalating fuel costs and rising prices of crucial items like spare parts as the main reasons.
The Association noted that some oil marketing firms are now selling fuel products above GH₵15 per litre, making it necessary to increase fares to maintain operational sustainability.
Also read: NPA boss urges LPG marketing companies to embrace CRM
David Agboado, the Public Relations Officer of the Concerned Drivers Association, emphasized that the current economic pressures have severely impacted the transport industry, and drivers cannot continue to absorb the steep fuel costs, which significantly affect their earnings. He explained that the fare adjustment is warranted given these economic challenges.
“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,” said Agboado in an interview with Citi FM on Wednesday, July 17.
He also mentioned that the Transport Ministry is not involved in this decision, stating, “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.”
Several Oil Marketing Companies (OMCs) have raised their prices at the pumps as July’s second pricing window begins. Shell, a prominent OMC, has increased the price of petrol per litre from GH₵14.80 to GH₵15.10 and diesel from GH₵14.92 to GH₵15.25. Other OMCs are anticipated to follow and also raise their prices soon.
