Ghanaians were hoping for lower transportation costs, but Godfred Abulbire, General Secretary of the Ghana Private Road Transport Union (GPRTU), said that won’t happen anytime soon.
Petroleum product prices have dropped significantly, and the Institute for Energy Security (IES) predicts that they will fall even further this Friday, December 16, 2022.
According to the IES, the new prices for gasoline and diesel will be around GH13 and GH16 per liter, respectively, while LPG will be around GH12 per kilogram.
Ghanaians have repeatedly asked commercial drivers to lower their fares since the beginning of the year, when they increased them by nearly 40%.
On Wednesday, Mr. Abulbire said on Citi FM’s “Eyewitness News” that the Union won’t rush into a reduction until all of the factors that led to the rise in transportation costs are reduced.
He also said that the Union will watch the trend of the recent drop in fuel prices and the rise in the value of the cedi to make sure it stays the same before deciding on the reduction margin.
“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. 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.”