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The management of VIP JEOUN Transport Service has increased fares on the Accra-Kumasi route by 20 per cent barely two weeks after it was increased by another 20 percent.
A ticket from Kumasi to Accra is now selling at GH¢120 on Monday morning instead of the GH¢100 that it sold in the last two weeks and GH¢80 that it sold three weeks ago.
Two weeks ago, Monday, October 24, 2022, the VIP JEOUN Transport Service, made up of private individual bus owners who have come together under the brand name VIP Jeoun increased fares by 20 per cent citing the rising cost of fuel and spare parts.
The Ghana Private Road Transport Union also followed up and increased fares by 19 percent.
On Monday morning, November 7, 2022, some commuters from Kumasi to Accra arrived at the Neoplan station [VIP station] at Asafo only to be told that the fare from Kumasi to Accra is now GH¢120.
The VIP JEOUN Transport re-adjusted their fares accordingly in line with rising prices of petroleum and other variables associated with Transportation Operations.
Passengers who planned to travel to Kumasi and had a budget of Ghs100 in mind had to adjust their cash and were seen clearly frustrated at the fuel station.
Diesel above GH¢23
The price of diesel shot up last week to GH¢23.49 per litre, according to latest prices advertised by TotalEnergies at the pumps, an increment of almost 40% overnight.
Petrol is selling at GH¢17.99 per litre, while Kerosene is selling at GH¢14.70.
The new prices took effect from Tuesday, November 1, 2022.
The Institute for Energy Security (IES) had predicted that petrol and diesel prices will hit GH¢18 and ¢20 per litre for the November 2022 first pricing window.
The IES, however, noted that, unfortunately, the 1.43% fall in the price of LPG on the world market might not translate into a reduction at the domestic pump, as it may offset the cedi’s depreciation, and rather force the price of the commodity to rise further in the coming days.
Fuel prices were increased twice in the month of October 2022.
President Nana Addo Dankwa Akufo-Addo on Sunday, October 30, 2022, said his administration is working on bringing affordable petroleum to the country to slow the rampant hikes at the pumps.
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