“The last time increments happened somewhere last year June, fuel prices were at much higher levels than they are currently. That was a situation where social distancing took a huge toll on transport operators. So they needed to recoup something. Transport fares went up by as much as 30 per cent. Those variables are not at play as we speak so any attempt to increase transport fares will be resisted.”
Presently, several Oil Marketing companies are currently selling fuel at GHS and GHS5.2 a litre.
However, others are actually selling below the GHS5 mark.
Global prices of fuel have increased significantly over the past 3months from an initial price of about 48 dollars to over 61dollars a barrel.
The last time transport fares went up was in July 2020.
The transport operators increased fares by 30% contrary to the 15% approved by the government.
Several efforts put in place by the government to have the situation reversed proved futile.