Commercial transport operators are intensifying calls for an upward adjustment in transport fares following the latest surge in fuel prices, warning that escalating operating costs are threatening the viability of their businesses.
The renewed demand comes ahead of the next petroleum pricing window on August 1, with industry projections indicating that the prices of petrol and diesel could increase further.
If approved, a hike in transport fares would raise the cost of commuting for millions of Ghanaians and add to the financial burden on households while increasing operational expenses for businesses that depend on public transportation.
Fuel prices have been on an upward trajectory in recent weeks, with diesel nearing GH¢18 per litre and petrol approaching GH¢15 per litre at some filling stations. The increases have been linked to rising international refined petroleum prices and renewed pressure on the cedi against major trading currencies.
Commercial drivers say the cost of doing business has risen sharply beyond fuel expenses, citing higher prices for vehicle spare parts, tyres and routine maintenance.
Collins Mintah, a commercial driver, said the cumulative increase in operating costs has made a review of transport fares inevitable.
“The cost of virtually everything has increased. Prices of spare parts are also up. A brand-new tyre now costs between GH¢850 and GH¢900. Given the rising operating costs, transport fares need to be adjusted. A 30% fare increase would help cushion the impact”
Another commercial driver, Emmanuel Harrison Sackitey, appealed to transport regulators to approve a fare adjustment to enable operators to cope with the rising cost of operations.
“A transport fare increase will affect us because it reduces the money we have for our daily needs. We know the fuel price hikes are behind the calls for higher fares, but we are appealing to the government to intervene so fares do not go up again.”
While transport operators insist a fare review is necessary, many commuters have expressed concern that another increase would worsen the already high cost of living.
Paul Doshi, a passenger, urged the government to focus on stabilising fuel prices instead of allowing transport costs to escalate.
“A transport fare increase will affect us because it reduces the money we have for our daily needs. We know the fuel price hikes are behind the calls for higher fares, but we are appealing to the government to intervene so fares do not go up again.”
The Ghana Private Road Transport Union (GPRTU) and the Ministry of Transport are expected to begin consultations in the coming days to determine whether transport fares should be adjusted in response to the latest fuel price movements.
