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Home Business

Transport fares likely to go up in coming weeks

5 years ago
in Business, Energy, highlights, Home, home-news, latest News
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Transport operators could in the coming weeks push for an increase in transport fares.

The likely price increment in fares comes on the back of a review of prices of petroleum products sold to Oil Marketing Companies by Bulk Oil Distributors in the country.

The review will see prices going up between 1 per cent and 3 per cent, with a litre of diesel selling for Ghs 5.05 pesewas and a gallon selling for Ghs 22.72 pesewas.

A litre of petrol on the other hand will be selling for Ghs 5.14 pesewas with a gallon going for Ghs 23.13 pesewas.

The likely push in the increment of transport fares by transport operators is in view of the current convention between government and operators that should prices of petroleum products go beyond 5 per cent within a quarter, there should be talks for increments in fares.

Bulk Oil Distributors are expected to forward the new prices to Oil Marketing Companies this weekend for the necessary price changes starting next week.

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Source: norvanreports
Via: Snr Fuaad Dodoo
Tags: Bulk Oil DistributorsOil Marketing Companiesprices of petroleum productsTransport faresTransport operators
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