The cost of transportation is anticipated to decrease starting on Monday, December 19, 2022.
This is in accordance with the Ministry of Transport, which said that the recent decrease in petroleum products at different pumps around the nation beginning on December 16, 2022, is to blame for the development.
According to checks done by GhanaWeb Business on Friday with a few oil marketing companies, gasoline is currently retailing for GH13.40 pesewas and diesel costs GH15.85 pesewas.
On account of the cedi’s improved performance versus the US dollar over the past 1.5 weeks, it is anticipated that the price of petroleum products would continue to decline.
Deputy Minister of Transport, Hassan Tampuli, on his part, said there are ongoing engagements with transport operators to reduce the fares following the recent appreciation of the local currency and ease the burden on commuters.
“We understand that the fares will definitely come down. It is the margin of reduction that we are still negotiating. We are waiting for the next pricing window on Friday [December 16, 2022].
So, when the new prices are announced, we will see the clearest picture and we will see the percentage margin for the reduction of fares. We do not have the full picture until the window opens on Friday. Hopefully, by Monday [December 19], the general public should see a reduction in transport fares,” he is quoted by CitiNewsRoom.com
Meanwhile, General Secretary of the Ghana Private Road and Transport Union (GPRTU), Godfred Abulbire, has also hinted that commuters should expect some level of reduction in fares in the coming days.
“Once the fuel prices have come down, the fares will be reduced. The reduction is obvious. Fare increment is not in the interest of anybody. Today, what we have discussed is to arrive at the margin for reduction that the general public and operators will equally be satisfied with. So on, Monday, we will conclude on the actual margin,” Mr. Abulbire assured.