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Transport operators are likely to push for an increase in transport fares before the end of January 2021.
According to reports, the likely price increment in fares is due to an upward review of prices of petroleum products sold by the Bulk Oil DIstribtors to Oil Marketing Companies in the country.
The prices of petroleum products are expected to go up between one per cent and three per cent, with a litre of diesel selling at GH¢ 5.05 pesewas and a gallon selling at GH¢ 22.72 pesewas.
A litre of petrol could be sold for GH¢ 5.14 pesewas with a gallon going for GH¢23.13 pesewas.
Consumers will pay more at the pump if the Bulk Oil Distributors forward the new prices to the Oil Marketing Companies this weekend.
Transport operators may also call for for an increment in transport fares ‘in view of the current convention between government and operators that should prices of petroleum products go beyond five per cent within a quarter, there should be talks for increments in fares’, the report said.
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