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15 pesewas reduction in fuel prices not enough – GPRTU threatens to increasee fares

The Ghana Private Roads and Transport Union (GPRTU) of TUC has warned it will increase transport fares soon if the government does not institute measures to reduce fuel prices soon.

The PRO for the largest transport union in the country, Imoro Abass who spoke to Akora Kofi Darko on Power FM Midday news on Friday revealed that they had to postpone their intended press conference because of the reduction of petroleum products.

“We postponed the press conference on new fares because we heard the oil marketers will reduce the price of fuel today,” he noted.

The government’s 15 pesewas reduction has been criticised with some saying it does not affect their purses, as the  Ghana Chamber of  Bulk Oil Distributors has blamed the volatility on the market as well as the free fall of the cedi against major trading currencies.

Imoro Abass said they want a further reduction in the price of fuel.

“If the reduction is less than 8.6 then we will not adjust the fares upward but any price of fuel per litre beyond that, we will have to increase the fares,” he said. “The 15 pesewas reduction in petroleum price will not help us.”

“However, if the reduction we are anticipating does not happen, Ghanaians will hear from us,” he said.

Others have blamed the fuel increment on the rising cost of crude on the international market, but the Chief Executive of the Ghana Chamber of  Bulk Oil Distributors, Senyo Hosi, says the cedi which is depreciating among other major trading currencies is also a factor for the rise in the price of the commodities.



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