Following the introduction of the automatic adjustment formula for the pricing of petroleum products, the average commuter has had to pay much more on transportation cost at least every two months. A review of the prices is done every two weeks.
In 2014 alone, the regulator National Petroleum Authority has maintained the price of petrol nine times while increasing the price five other times. The adjustment is influenced by two major factors- international price of crude oil and value of the Cedi in relation to the US dollar.
The infograph below looks at the relationship between the three variables.
By: Kwaku Anim Boadu/citifmonline.com/Ghana