Road Transport Operators have reduced transport fares by 15.3% which shall take effect from Monday, December 19.
It is a result of recent decline of petroleum prices, as disclosed in a statement cited by AfricaOwn.com from the Road Transport Unions in Ghana.
The statement added the percentage of reduction was in accordance with engagements with key stakeholders.
It read, “Following the negotiations and in consideration with the plight of drivers, commuters and the general public, we have resolved to reduce the existing transport fares by 15.3%,” the statement added.
“With the recent reductions in the prices of petroleum products, it became necessary to engage stakeholders to give consideration to a review of the fares in line with the Administrative Instrument.
“Consequently, series of negotiation meetings were held with the stakeholders to agree on an acceptable level of fare reduction commensurate with the current fuel prices.”
Drivers and commuters thereby urged to comply with decision and to ensure the smooth implementation of the reduction.
Concurrently, the prices of petroleum products have been falling and it is even expected to fall even further, thus per market indicators.
Major Oil Marketing Companies (OMCs) in the Ghana have started reducing prices of petroleum products at the pumps.
GOIL has reduced the price of petrol to ¢13.40 per litre, representing more than ¢2 drop from its previous price.
Diesel is also going for ¢16.10 per litre from the previous ₵18.86.
TotalEnergies is also selling petrol for ¢13.40 per litre, while diesel is going for ¢15.85 per litre.
