Today, commercial transportation providers will lower their prices by 15.3%. (Monday, December 19).
The Union leadership issued a command, and this is in response.
The decision was made as a result of the recent decline in gasoline prices.
The proportion of the cut was determined after consultations with important stakeholders, according to a press statement from the union leader.
“Following the negotiations and in consideration with the plight of drivers, commuters and the general public, we have resolved to reduce the existing transport fares by 15.3%,” the statement added.
“With the recent reductions in the prices of petroleum products, it became necessary to engage stakeholders to give consideration to a review of the fares in line with the Administrative Instrument.
“Consequently, a series of negotiation meetings were held with the stakeholders to agree on an acceptable level of fare reduction commensurate with the current fuel prices,” the transit operators’ statement said in parts.
In order to enable the seamless implementation of the decrease, drivers and commuters have been notified.
The cost of petroleum products has been declining recently, and it is even anticipated that it will continue to do so.
The country’s largest oil marketing companies (OMCs) have begun lowering the cost of gasoline at the pump.
The price of gasoline has dropped more than two dollars to $13.40 a litre, according to market leader GOIL.
Additionally, the price of diesel has decreased from 18.86 to 16.10 per litre.
Additionally, fuel is available from TotalEnergies for 13.40 pence per litre, while diesel costs 15.85 pence per litre.