Issues Fuel price increment surprising to us all - Deputy Minister

The National Petroleum Authority (NPA), last Saturday increased petroleum products by 9% with effect from Sunday, May 17, 2015

  • Published:
  play Hon. Bawa Mogtari
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Deputy Minister of Transport, Joyce Bawa Mogtari has indicated that the 9% increment in fuel prices has "come as a huge surprise to us all."

The National Petroleum Authority (NPA), last Saturday increased petroleum products by 9% with effect from Sunday, May 17, 2015. Petrol will now be sold at GHc3.33 per litre while Diesel will be sold at GHc3.24 per litre. A kilogram of LPG is expected to be sold at GHc2.88, MGO Local will go up GHc2.96. Unified petroleum is expected to go up by 4% while Kerosene will be up by 9%. However, prices of premix fuel and RFO remain the same.

Speaking to Joy News, Honourable Bawa Mogtari noted that the hikes have come as a result of government's implementation of the deregulation policy.

“I believe that this particular increment has come as a huge surprise to basically all of us. But we also would have to recall that in times past, government has actually been engaged with a process of degeneration. So we have actually been working very hard to try as much as possible to reduce the burden on persons who use these products”.

“Few things have changed: Prices of importation, prices of crude have inched up slightly. This has called for a review of the current rates and prices of petroleum products," she said.

The deputy minister added that the sector minister will convene a meeting with the executives of the commercial transport associations on Monday, in order to fix prices that will be accepted by all.  She indicated that there was a meeting but since it was a weekend, the engagement will continue so that by Wednesday, things would be stabilised.

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