COPEC Explains How Removing Restrictions On Transport Fares Will Be Of Benefit To The Driver And Commuters

The Chamber of Petroleum Consumers-Ghana (COPEC), wants the government to deregulate transport fares in the country.

The Head of pricing and Research of COPEC,
Mr. Sampson Addae in an interview with Bohyeba Afriyie on Plan B Fm’s Ebanoosen said the deregulation should be done just as has been done with fuel prices.

He suggested that deregulation of transport fares will help deal with the challenges associated with it.

He made this known in an interview on TV3, Monday, May 16, on the recent 20 percent increment in transport fares.

Mr. Sampson Addae said “we should get to a point where because we have deregulated fuel prices, we could also deregulate transport fares and get cost per kilometer, per head.

He Added that “Once that is done, the variable cost which is the petrol, the spare parts, the other input cost like engine oil, plugs, and the rest, they come into the build-up. So when there is a change, you could factor them, and you will still be able to determine the cost per head per kilometre.”