Metro Mass Transit Company Limited has announced that it will review its transport fares to reflect fuel price increments.
The company said this is to keep their business afloat.
The Corporate Affairs Manager of Metro Mass, Mr George Krobea Asante, indicated they could no longer handle the constant fuel price increment.
According to Mr Krobea, the company has not changed its fares throughout the several fuel price increments.
“For instance, for Metro Mass, since these fuel prices started changing, we have not reviewed our fares. It is now that we are looking forward to increasing our fares a bit so that we can keep the company running because other than that, there is no way we will be able to keep the company on its feet.
“Within this year alone, prices of fuel or petroleum products have changed for not less than five times if I am not wrong, and we have not reviewed our fares; we still take the old fares,” he said.
This increment comes after the Ghana Private Road Transport Union(GPRTU) and VIP Jeoun, a popular long-distance transport company, increased their fares for commuters across the country.
GPRTU, for instance, increased their fares by 20% after negotiating with the government.
They all attributed the increment to what they said is the increasing fuel prices amid its attendant hardship suffered in the current economic downturn.
The transport services said they could not shoulder the operational cost accompanying the current developments.
Petrol and diesel prices are currently going for an average of ¢18 and ¢23 per litre, from the previous prices of ¢15 and ¢19 per litre, respectively, according to the latest prices at the pumps.
The fuel price has increased by more than 100% since the beginning of the year.
Petrol and diesel sold at about ¢7.5 per litre at the beginning of 2022.
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