The Ghana Private Road Transport Union (GPRTU) is to announce 5% reduction in transport fares effective Friday, January 9, 2015 following the reduction of fuel prices by 10%.
Ghana’s National Petroleum Authority (NPA) reduced petroleum prices in the country on 1st January 2015.
The NPA therefore directed Oil Marketing Companies (OMCs) in the country to effect this change at all retail outlets. This decision takes a balance position of continuous effort to reduce outstanding under-recoveries and at the same time reflect falling prices of petroleum product on the world market, he stated.
Petrol currently sells at about Ghȼ17 per gallon, a price the public considers outrageous in the light of considerable dip in the price of crude oil on the world market.
Initially, the GPRTU and transport owners rejected those calls insisting that the transport fares are not only influenced by the cost of fuel.
But a source close to the Ghana Road Transport Coordinating Council (GRTCC), said calculations are being done and the list of current transport fares will be released soon.
African Eye News.com
