Should fuel prices decline in the upcoming pricing window, the Ghana Private Road Transport Union (GPRTU) says it will lower its rates.

Should that occur, the Union asserts that they won't think twice about lowering transportation costs.

They won't, however, cut corners and lower prices in an effort to avoid being stung by fuel price increases, according to Mr. Godfred Abulbire, general secretary of the GPRTU.

Before lowering transportation costs, many factors, in his opinion, would have been taken into account.

“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,” he said in a media interview.

The cost of petroleum products has been declining recently, and this trend is projected to continue.

Analysts predict that prices for gasoline and diesel will fall to 13 and 16 cents per liter, respectively, while liquefied petroleum gas will cost roughly 12 cents per kilogram.

This development is what has necessitated the demand for a reduction in transport fares.