The Consumer protection Agency (CPA) has asked the government, to reduce prices of transport fare.
The CPA said it has noted that the prices of crude oil on the international markets have remained fairly stabled hence transport fares must be reduced.
A statement issued and signed by Benjamin Akoto, Head of Complaint at the CPA said : “Prices on the international market has been fairly stable over a period now whiles the government has lessen directives within the transport sector on the fight against the novel covid-19. Transport services have been cleared to operate at full capacity.
“The GPRTU and the other stakeholders who stand to benefit from the full capacity directive should consider the plight of consumers and reduce transport fares since they are now taking passengers at full capacity. We are suggesting that the 15% increment announced by GPRTU be reversed to reflect current trend and changes.
“Oil marketing companies to respond to the market trends and reduce prices with immediate effect.
“It is much surprising that the oil marketing companies adjust prices immediately there is a little upward shift of the factors that determine prices on the world market but reluctant to reduce prices when these same factors drop. As at November 2019, crude on the world market was trading at $63 per barrel but has however dropped to between $45 to as low as $31 per barrel on 9th March 2020.
We are therefore calling on the regulator to ensure that consumers are not taken advantage of at the expense of fair-trading practices. The CPA therefore expects nothing less than 15% reduction in transport fares in the country.”