Pulse.com.gh logo
Go


More hikes Road tolls, transport fares to go up

The possible increase in transport fares is in anticipation of an increase in road tolls expected to come in force early next week, the acting General Secretary of GRTCC, Andrews Kwakye , has said.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

Commuters must embrace themselves for an increase in transport fares next week. This is because, new road tolls will be announced which will leave the Ghana Road Transport Union (GPRTU) with no choice but to increase transport fares.

Already, some commercial drivers at Tema station, Accra, are threatening to take unilateral decision to increase transport fares because they say cost of vehicle spare parts have gone up, insurance is up and the DVLA has also increased fees for certification.

The possible increase in transport fares is in anticipation of an increase in road tolls expected to come in force early next week, the acting General Secretary of the Ghana Road Transport Coordinating Council (GRTCC), Andrews Kwakye , has said in an interview with Citi FM.

Read more: Ghanaians feel pinch of new fuel taxes today

He said: “The Transport Fare Review Committee met today with all the transport operators and we have resolved that since we are expecting a certain change in certain quarters, we will hold on for a week. We are anticipating that Road Tolls are about to be increased."

The drivers at Tema station say because of recent charges, they are unable to meet their daily sells to their car owners, a situation they say is causing tension between them and their car owners.

In spite of these, Mr. Kwakye is appealing to them to hold their horses for a conclusive decision to be arrived at.

“We are telling our drivers to still bare with us because we are working for them. I know buying at the current rate is affecting their income but it is better for us to wait and increase it once than to do another review after the tolls are increased,” he said.

The fuel increases were occasioned by the passage of the Energy Sector Levy, 2015 by Parliament last December.

It has also emerged that 70 percent of cost of fuel are just taxes.

Taxes on petrol per litre are Excise Duty, 2.78 pesewas per litre; Energy Debt Recovery Levy, 41 pesewas per litre; Road Fund Levy, 40 pesewas per litre; Energy Fund Levy, 1 pesewas per litre; Price Stabilisation and Recovery Levy, 12 pesewas per litre.

Read more:Price Hikes 70% of petroleum price just taxes

Other margins are Primary Distribution Margin, 4.5 pesewas per litre; BOST Margin, 3 pesewas per litre; and Fuel Marketing Margin, 1.5 pesewas per litre.

Each tax component and margins also attract 17.5% Value Added Tax (VAT), which the consumer also pays.
For diesel, the tax components per litre are Excise Duty, 1.8 pesewas per litre; Energy debt recovery levy, 41 pesewas per litre; Road Fund Levy, 40 pesewas per litre; Energy Fund Levy, 1 pesewa per litre; Price Stabilisation and Recovery Levy, 10 pesewas per litre.

Energy Debt Recovery Levy of 41 pesewas per litre of petrol and diesel is said to be money that would go to buy fuel for the electricity sector.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Roshi Motman AirtelTigo CEO resignsbullet
2 Ghana Politics Akufo-Addo fires Lands Commission bossbullet
3 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
4 Economy Bawumia must stop misleading Ghanaians over cedi...bullet
5 MTN Ghana Selorm Adadevoh is MTN Ghana’s new CEObullet
6 Shirley Frimpong-Manso and Ken Attoh owe The Royal Bankbullet
7 Salaries In 2018 Here are the dates public workers will be...bullet
8 Menzgold Ghana Investment company closes down its Gold...bullet
9 Economy Of Ghana No profit because of cedi depreciation...bullet
10 First National Bank Ghana launches first-ever cash...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
3 Money Alert Meet Africa's richest womanbullet
4 Plane Crash Starbow suspends operations following plane crashbullet
5 Bozoma Saint John 10 quotes from Uber top official, Bozoma, that...bullet
6 Support Finance minister buys Kantanka carbullet
7 Tech 6 reasons you should buy an iPhone SE instead of any of...bullet
8 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
9 Dr Joseph Siaw Agyepong Nobody can collapse my company –...bullet
10 Entrepreneurship How to be resourceful as an entrepreneurbullet

Business