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Fares will be automatically adjusted against the increase in fuel prices – GPRTU (See Details)
Fares will be automatically adjusted against the increase in fuel prices – GPRTU (See Details)
The Ghana Private Road Transport Union (GPRTU) has announced that prices will automatically be adjusted whenever petrol prices increase by 10%.
The union says a 15% increase in transportation costs will be repeated whenever fuel prices reach 10%.
Richard Yaw Amankwah, GPRTU’s Deputy Secretary-General for Operations, told the Ghana News Agency (GNA) that the union’s decision to estimate transportation costs and fuel prices was intended to benefit the industry.
“We have said that whenever the cost of petrol increases by 10% or more, we will increase fares,” he said.
“We are still looking at the cost. We are just wasting our time. “The same amount will be spent on travel expenses when it reaches 10%,” he told GNA.
On March 1, 2022, the prices of the previous petrol and diesel pump prices increased by 30 liters per liter, to GHC 8.20.
Some market experts predict that if nothing is done to reduce the cedi value of the dollar against the dollar, petrol prices could rise to GHC9.0 a liter.
The price volatility of petroleum products is due to the continued increase of Brent Crude in international markets.
The Institute for Energy Security (IES) predicted a 4% increase in petrol and diesel prices this week, citing cedi performance against the dollar as a major factor.
The IES has ruled that cedi is down 4.11 percent to close GHC6.85 to the dollar in the previous price window.
The Chamber of Petroleum Consumers (COPEC) also predicts that prices for petrol, diesel and LPG by 4.6%, 3.4% and 2.5% will increase by 2.5% from March 1, 2022.
In the First Price Window of March 2022, it predicted that petrol and diesel would be GHC8.190 a liter and LPG would be GHC9.163 per kilogram.
Gh News
Government Workers: Potential Unpaid Salaries For The Next Three Months – Speaker Alban Bagbin Reveals Deep Secrets (+Video)
Government Workers: Potential Unpaid Salaries For The Next Three Months – Speaker Alban Bagbin Reveals Deep Secrets
The Speaker of Parliament, Alban Bagbin, has revealed that the government may not be able to pay salaries in the next three months.
The speaker said this was because of what he said was his knowledge.
Addressing Parliament, the Speaker urged Members of Parliament to show leadership in these difficult times. ”
“This is not to discourage the committee from carrying out its duties. If nothing is done within the next three months, the government may not be able to pay the salaries. ”
“So we have to take the leaders. We have to do a lot of things,” he said.
His concern comes amid labor unrest to improve working conditions and rising living costs, as the government struggles to secure an Electronic Transaction Levy, which he calls a major solution to the country’s many financial problems.
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Watch: We will levy taxes on the petroleum sector if the E-levy bill fails – Ken Ofori Atta
Finance Minister Ken Ofori-Atta is hopeful that the 1.75% controversial electronic transaction tax will be approved, despite the fact that the current debate on the 1.75% E-levy dispute meets some criticism from the public sector.
He said if the law was not passed by the House of Commons, management would look at another way to get cash.
He said the company would demand money from the petrol industry.
“There are always a lot of options, but you really look to the future and see how we can solve the problem of extra income and everyone involved,” he told reporters in Accra on Friday, February 18, 2022.
According to Ofori-Atta, “The challenge is that, for example, you think you earn a million cents a year and then pass all that on to MoMo. What do I ask you? GH ¢ 15,000. Is that what you were struggling with? Or if you are a student and earn GH ¢ 100,000, which is not possible, what does that mean, GH ¢ 1,500.
“So you start asking, ‘Why are we fighting?’ And if I said that the first century cedi would not be a part of it then the monthly income is 3000. ”
“There are many alternatives, you can get into petroleum, but is that really what you want? The state of the country is different from Parliamentary figures and that is why I am moving around, ”he added.
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