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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

Akufo-Addo wasn't misled - Bawa Mogtari fires

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”.

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“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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