Speaking on Citi FM’s Eyewitness News, General Secretary of the Chamber, Duncan Amoah said the increase in petroleum products will aggravate the worsening economic hardship
Pressure group, Chamber of Petroleum Consumers has asked President John Mahama to sack the Chief Executive Officer of the National Petroleum Authority (NPA), Moses Asaga for the increment in fuel prices.
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.
According to NPA, the increment has become necessary because they owe banks that assist them in their operations.
Speaking on Citi FM’s Eyewitness News, General Secretary of the Chamber, Duncan Amoah said the increase in petroleum products will aggravate the worsening economic hardship.
“Why we insist that if the President can sack Mr Asaga he should sack is this simple. There is a common phenomenon called hedging in world market pricing. These are critical issues we think the NPA is either not dealing with or not interested and for which the lazy approach of passing on to the consumer is being adopted, and for which we think for that job, a Mokala person can do that”, he noted.