Nsawam-Adoagyiri MP Frank Annoh-Dompreh has called for a reduction in transport fares following the significant drop in prices of petroleum products.
He said the failure of transport operators to reduce fares despite the decline in fuel prices at the pumps and the stability of the cedi is worrying and extremely unfair.
He, therefore, urged the government to put in place measures to ensure that transport fares are reduced.
“In recent times we see and read consistent reductions in these products and it is gratifying that the dollar is also struggling to contain the strength of the cedi, these are all good times, however, I am not too happy when the ex-pump price of these products is going down and yet the drivers and operators fail to pay attention to this consistent reduction in the price of such products,” he said in Parliament.
Prices of petroleum products are expected to fall significantly beginning this Friday, December 16, 2022, the Institute for Energy Security (IES) has projected.
According to IES, the expected price drops would be significant due to the 6.60% appreciation of the cedi against the US dollar.
It said the new prices will fall to about ¢13 and ¢16 per litre for petrol and diesel, whilst Liquefied Petroleum Gas will go for about ¢12 per kilogram.