Business News of Wednesday, 1 April 2026
Source: starrfm.com.gh
The Ghana Private Road Transport Union is set to convene an emergency meeting Wednesday, April 1, 2026, to consider a possible increase in transport fares following a sharp rise in fuel prices.
The meeting comes as transport operators warn that the latest surge in fuel costs is putting severe pressure on their operations, raising concerns about the sustainability of current fare levels.
According to the Chamber of Oil Marketing Companies, fuel prices are expected to rise significantly from today, April 1, 2026.
PURC cuts electricity, water tariffs effective April 1
Petrol is projected to increase by 8.06 percent to about GH¢15.19 per litre, while diesel could jump by 9.76 percent to around GH¢17.85 per litre. Liquefied Petroleum Gas (LPG) is also expected to see a marginal increase, with prices likely to hit GH¢16.59 per litre.
The anticipated hikes have been linked to ongoing geopolitical tensions in the Middle East, where conflict involving Iran has disrupted global oil supply chains, driving up crude oil prices on the international market.
The ripple effects are now being felt in countries like Ghana, where fuel prices are largely influenced by global benchmarks.
Transport operators say the situation has become increasingly difficult, as rising fuel costs add to existing challenges such as high vehicle maintenance expenses and the rising cost of spare parts.
They have urged government to take urgent steps to stabilise fuel prices or introduce relief measures, warning that failure to act could force them to pass on the additional costs to commuters.