Transport operators have announced a 10 per cent reduction in transport fares across board effective Wednesday, May 17, 2023.
This was contained in a statement jointly signed by Mr. Godfred Abulbire, General Secretary of Ghana Private Road Transport Union (GPRTU) and Mr Emmanuel Ohene Yeboah, General Secretary of Ghana Road Transport Coordinating Council (GRTCC).
According to the statement, the reduction follows the reductions in petroleum products observed over the period.
Fuel prices shot up in November last year, with diesel selling at more than Gh¢23 per litre while petrol sold at almost Gh¢18 per litre.
The prices have now dropped significantly with both diesel and petrol selling at Gh¢12.64 per litre.
This is due to the fall in crude oil prices and refined products on the international market.