Road Transport Operators have reduced transport fares by 15.3% effective today December 19, 2022.
A statement from the Road Transport Operators has indicated that the move followed the recent downward trend of petroleum prices in the country.
Drivers and commuters have been advised to ensure the smooth implementation of the reduction.
According to the statement, the percentage of reduction was agreed following engagements with key stakeholders.
“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%.
“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”, the statement pointed out.
Prices of petroleum products have been falling in recent times and indications are that there would be more reduction.
Fuel Prices Drop By Over GH¢2 Per Litre
Major Oil Marketing Companies (OMCs) in the country have started reducing prices of petroleum products at the pump stations.
Market leader GOIL has reduced the price of petrol to GH¢13.40 per litre, representing more than GH¢2 drop from its previous price.
Diesel is also going for GH¢16.10 per litre from the previous GH¢18.86.
TotalEnergies is also selling petrol for GH¢13.40 per litre, while diesel is going for GH¢15.85 per litre.
Meanwhile, most of the smaller OMCs have reduced their prices earlier on Wednesday, December 14, 2022.
Some of the OMCs have indicated that the reduction in the prices of the petroleum products has been influenced by improved dollar supply and the stability of the cedi.
