HomeBusinessCommercial Transport Operators reject calls for fare increment despite Middle East tensions

Commercial Transport Operators reject calls for fare increment despite Middle East tensions

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Commercial Transport Operators have totally rejected calls to increase transport fares following recent hikes in petroleum prices at the pump.

​The leadership of the transport union is preaching patience over panic, even as global oil markets react nervously to escalating tensions in the Middle East.

The union leadership is focusing on domestic pricing cycles rather than daily global headlines.

​Despite the volatility in international crude prices, the association is choosing a “wait-and-see” approach to protect both drivers and commuters from premature price hikes.

​Asonaba Nana Wiredu, National Chairman of the transport union, spoke with 1960news.com to announce that the body is rejecting immediate calls for a fare increment.

According to him, the decision to hold fares steady rests on specific primary factors.

Asonaba Nana Wiredu, National Chairman, Commercial Transport Operators

Chairman Wiredu emphasized that the association will monitor the next two petroleum windows before making any definitive call on fare adjustments.

​”We are aware of the situation in the Middle East and its potential impact on global oil, but we cannot react based on tension alone,” he noted.

“We need to see how this translates at the local pumps over the next month.”

​The decision comes as a relief to millions of Ghanaians who rely on commercial transport (TroTros and buses) for their daily commute.

An immediate hike would likely trigger a domino effect on the cost of goods and food across the country.

​However, the “rejection” of an increase isn’t a permanent “no.” If the next two windows show a sustained and significant surge in the price of petrol and diesel, the association has signaled it will return to the negotiating table.

​By 1960news.com

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