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Hikes in fuel prices: Transport fares to go up by 15% effective Saturday

Joseph Marfo by Joseph Marfo
February 22, 2022
in News
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Hikes in fuel prices: Transport fares to go up by 15% effective Saturday
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Transport fares to go up by 15% on Saturday, February 26, 2022. The move is an agreement reached by road transport operators and the relevant ministry.

Users of commercial transport are expected to pay more when commuting to their various destinations.

It will be recalled that the transport operators had initially proposed a 30% fare increment but following a meeting on February 21 with various stakeholders, they settled on 15%.

“We kindly request all commercial transport operators to comply with the new fares and post same at the loading terminals,” the transport group said in a statement issued after the meeting.

The increment in the transport fares has been occasioned largely by the spike in fuel prices in recent times as well as high import duty on vehicles, increase in the cost of spare parts and vehicle lubricants are among the reasons.

Check out some new prices below

 

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