Comprehensive  Ghana Oil and Gas news, information, updates, analysis


News in Brief

Transport fares: COPEC-GH demands policy

  • SOURCE: | Editor
  • banner_0002_layer-8The Chamber of Petroleum Consumers Ghana (COPEC-GH) has called for a policy for the determination of transport fares in the country, saying it cannot be left to the whims of commercial drivers.

    According to COPEC-Ghana, a policy framework would be needed to guide the determination of fares.

    The Executive Secretary of COPEC-GH, Duncan Amoah, speaking to Class Business, said such a framework would help remove arbitrary increases in transport fares whenever there are changes in prices of petroleum products.

    “Indeed, Ghanaians have often been left in the middle when issues of fuel prices vis-à-vis transport fare adjustments have been on the burner. You will recall not long ago the public were up in arms with transport operators for increasing transport fares. Sometimes you cannot blame the transport operators outright because the cost of they doing business or sustaining themselves gets high as fuel cost goes high and spare parts goes up,” he stated.

    “We are advocating that there ought to be a compromise transport fare policy immediately to be able to give some predictability to both the transport operator and to the general public. In that if we are all clear in our minds that when fuel prices do a 10 per cent increment, we are likely to see some four to five per cent, maybe, transport fare increase and then the reverse should also be the case. If it goes down by say 10 per cent, we should see a maximum four to five per cent reduction, so that all of us – civil society, the public and the media – would be able to monitor to ensure that the public is not taken for granted.”

    Meanwhile, COPEC-Ghana has predicted petroleum prices at the pump are likely to climb above current levels in 2017.

    Source: http://www.classfmonline.com/1.10493212

    Share this article

    Leave a reply

    Personality of the Month
    Poll

    Do you think the President should fund the free SHS with oil revenue?

    Follow Us Online
    About Us
    Reporting Oil and Gas project was launched on 4th June 2009 at Takoradi, Western Region, Ghana by Penplusbytes (www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector read more
    Events Calendar
    << Oct 2018 >>
    MTWTFSS
    1 2 3 4 5 6 7
    8 9 10 11 12 13 14
    15 16 17 18 19 20 21
    22 23 24 25 26 27 28
    29 30 31 1 2 3 4
    Twitter Activity Stream
     

    Partners We are proud to be associated with:

    Skip to toolbar