Wednesday, 15 April

Transport operators halt fare increases following government intervention on fuel prices

Business
Transport yard

Road transport operators have officially announced a stay on the implementation of new transport fares following emergency government measures aimed at stabilizing the rising cost of petroleum products.

In a joint press release issued on April 15, 2026, the Ghana Private Road Transport Union (GPRTU) and the Ghana Road Transport Coordinating Council (GRTCC) addressed the operational challenges posed by global crude oil price hikes, citing the ongoing US–Israel–Iran conflict as a primary driver.

Government Interventions

The statement follows an emergency Cabinet meeting held on Thursday, April 9, 2026. During this session, the Government of Ghana resolved to implement several interventions to reduce the impact of fuel prices on transport operations. These measures include:

- The reduction and suspension of specific margins on petroleum products during the upcoming pricing window.

- Collaborative discussions with the Ministry of Transport to stabilize prices for the general public and transport operators.

Impact on Commuters

Transport operators expressed confidence that these government interventions, if sustained, will provide significant relief to drivers and commuters alike. As a result, the GPRTU and GRTCC have agreed to suspend any fare hikes for the time being.

The leadership has respectfully urged all transport operators to refrain from increasing fares while they continue to monitor the effectiveness of the government’s measures on their daily operations.

Looking Forward

The release, signed by Mr. Godfred Abulbire, General Secretary of the GPRTU, and Mr. Emmanuel Ohene Yeboah, General Secretary of the GRTCC, reaffirmed a commitment to the welfare of both drivers and the public.

The operators expressed hope for a swift resolution to the international conflicts currently destabilizing global oil markets to ensure long-term pricing stability in the country.

Source: classfmonline.com