A consultant at the Africa Centre for Energy Policy (ACEP), John Peter Amewu has described as extortion, decision by National Petroleum Authority to increase fuel prices.
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Mr. Amewu in an interview with Ultimate 106.9FM said the increment shows how confused government is in mobilising funds
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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.
Mr. Amewu in an interview with Ultimate 106.9FM said the increment shows how confused government is in mobilising funds.“Government is not taking the right advice from its technical expertise and they think that is the cheapest way of mobilising money into petroleum products. That is why we are witnessing this increase in the tax of petroleum prices because this is one of the largest single traded commodity”
“It is very easy for government to mobilise funds but that is wrong. It is extortion. Why are you asking me to buy petroleum products at a very expensive price and you are asking me not to get equivalent price for the work that I am doing…and so this government is not caring”, he said.
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