Should fuel prices decline in the upcoming pricing window, the Ghana Private Road Transport Union (GPRTU) says it will lower its rates.

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Should that occur, the Union asserts that they won't think twice about lowering transportation costs.

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They won't, however, cut corners and lower prices in an effort to avoid being stung by fuel price increases, according to Mr. Godfred Abulbire, general secretary of the GPRTU.

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Before lowering transportation costs, many factors, in his opinion, would have been taken into account.

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“For now, we will not rush and reduce fares, we need to observe things before we reduce before they increase again, and we are told to increase.

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We are going to observe and by the next pricing window, if the price comes down, nobody will need to tell us to reduce fares,” he said in a media interview.

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The cost of petroleum products has been declining recently, and this trend is projected to continue.

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Analysts predict that prices for gasoline and diesel will fall to 13 and 16 cents per liter, respectively, while liquefied petroleum gas will cost roughly 12 cents per kilogram.

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This development is what has necessitated the demand for a reduction in transport fares.

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