Myjoyonline News
 Home Page
 General News
 Business
 Politics
 Sports
 Health
 Education
 Articles/Features
 Science & Technology
 Entertainment
 Travel/Tourism
 Africa & International
 Nations Cup 2008
 
 
Commercial drivers directed not to increase fares
Previous Page
 
The council says the adjustments is too insignificant to warrant an increase in transport fares
The council says the adjustments is too insignificant to warrant an increase in transport fares
 
 
 
 
   
 

Audio Attachment
GRTCC boss Matthew Hayford on transport fares

The Ghana Road Transport Coordinating Council (GRTCC) has directed commercial drivers not to increase their charges following last Fridays five percent increase in prices of petroleum products.

The GRTCC says the margin of increase in the fuel price is not enough to warrant any change in road transport fares.

This directive was contained in a press release issued by the GRTCC in Accra.

Chairman of the group Mathew Hayford says the GRTCC will be on the lookout to deal with Drivers who flout the Directive.

"When we factor it into the computations we can only increase transport fares by 1.3% and that is insignificant," he said.

Mr Hayford however indicated that the council will note down the increase to be factored into future adjustments.

The National Petroleum Authority (NPA) adjusted fuel prices by a 5% average.

The authority cited price hikes in world crude price as what had informed the upward review.

Although there were earlier suggestions government would absorb any increase in fuel prices, that did not materialise.







       

 
  Popular Stories


Search Our Website
 
 
 
MORE BUSINESS HEADLINES
   Commercial drivers directed not to increase fares
   4Kids on Multi TV tours children's worlds
   Bio-diesel from sunflower
   Database on farmers underway
   Intercontinental Bank raises GH¢28.9m
   Agric show for November
   Ghana rebranding kicks off
   'GNPC has money to buy Kosmos Jubilee stake'
   Gold Fields Q1 output steady, adjusted earnings drop
   Statement: Government and Development Partners strengthen partnership for budget support
   Fuel prices up by 5%
   Industry players suggest further deregulation of oil industry
   Talk tax bags GH¢65 million from January to September
   GIA looks for new partners to keep it in flight
   Multi TV available in 60,000 homes