By Francis Kobena Tandoh
The Chamber of Petroleum Consumers (COPEC) has said it will meet with commercial driver unions early next week to discuss the need to adjust transport fares downward in line with recent declines in fuel prices, according to Executive Secretary Duncan Amoah.
The development follows the comment that current transport fares have not fully reflected significant reductions in fuel costs.
The meeting aims to bridge the gap between rising operational costs faced by drivers and the need to pass on fuel price relief to commuters before any new fare structure is agreed.
Duncan Amoah said the chamber will initiate discussions with executives of driver unions (including unions representing ‘trotro’ and other commercial drivers) to present their case for a fare review.
According to COPEC, fuel remains a key factor in the calculation of transport fares, and with prices at the pump now significantly lower than a year ago, there’s a justified basis for reducing fares.
Recent data shows fuel prices have dropped by roughly GHC 3–4 per litre compared with the same time last year — an opportunity, COPEC says, for consumers to benefit.
COPEC and other stakeholders in the transport industry have been calling for a 10–15% reduction in transport fares to ease pressure on passengers amid broader economic challenges. Enditem
Source: Ghana Eye Report
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