The Road Transport Operators have announced that effective Monday, December 19, transport fares will be reduced by 15.3%.
According to a press release, the decrease comes as a result of government’s consistent reduction of petroleum prices.
The percentage of reduction was agreed following engagements with key stakeholders.
“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, 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 statement from the transport operators added.
Lately, the prices of petroleum have continued to decrease and is expected to fall further.