Trotro Union executives have just announced that they will hold a meeting with stakeholders tomorrow, Thursday, 7th January , 2016 to determine how much increment they would go for with regards to the recent fuel increase. They have stated that the decision to revise the trotro fares is not only dependent on fuel prices but then they take into consideration many other actors. The group has dismissed as false the rumor that trotro fares will be revised upward by 10%.
Government will meet with trotro Unions to discuss new trotro fares arising out of the fuel increase by Oil companies in Ghana. It is a routine practice for stakeholders in the trotro transport business to agree on uniform prices which takes into account the cost of operations. The outcome of the meeting will be made known to the general public whose interests in the fixing of the prices are represented by the TUC, Ministry of Transportation and Civic Organizations.
The GPRTU, the biggest private transport union in Ghana, has announced that it will increase trotro fares if the prices of petroleum prices up as planned. In Ghana, how much fuel sells is determined by private distributors. The method of increment for the trotro fares is to find a percentage of increase and adjust trotro fares by that margin. Typically, the new schedule for fares is discussed with all stakeholders including Transport Ministry, The rate of trotro fare review is not proportionate to the price of fuel. The trotro fare review panel takes into consideration, critical routes, affordability, wage levels, ease of change, recency of last increment, cost of other vehicle expenses like insurance, auto parts etc.
During trotro fare increase in Ghana, there will be a general announcement and the fares will be pasted in trotro buses. It takes time for commuters to learn about the new trotro prices so the rates do not apply immediately. It may take a while for the rates to be enforced.
The Government has a largely socialist political orientation so a lot of consideration are factored into public utility pricing so low income families are least impacted.