Associated with fuel in Ghana went up by 3. 3% per gallon at the pump motor setting social media on fire right after Total Petroleum effected the very first of expected increases this evening with a litre at Ghc6. 90. Before the increase 3 or more. 3% increase per gal., a litre of gas and diesel wasselling in Ghc6. 80 at the various filling up stations but will now end up being sold at Ghc6. 90 translation into Ghc31. 05 for each gallon from Ghc30. summer for both petrol plus diesel. This comes the federal government promised the removal of the Price Stablizing and Recovery Levies (PRSL) component of fuel prices for 2 months but which is however to take effect due to parliamentary approval hurdle. Despite, the particular Executive Director of the Institue for Energy Security (IES), Nana Amoasi VII, got expressed fears that the actions announced by government to check on prices were not adequate, explaining the government’s approach because “knee-jerk” because prices can keep going up because of the system becoming run. “If care is not really taken, we will see this cost surging on the market consistently. You can ask how the government can negotiate to solve the situation, yet unfortunately, where the government rests today, it will be able to decrease these taxes by a lot more than 10 percent and the approach the federal government has taken, we call it knee-jerk because it is not sustainable… Additional things the government must do to make sure that fuel prices remain steady. You can take away all the fees, but trust me because we now have mechanisms that have broken down, we are going to still come to the same GH¢6. 80 per litre in under six months because we have turn out to be price takers”, he stressed. The opposition National Democratic Congress (NDC) on the other hand arrested the government of insensitivity more than fuel prices. Source: MyNewsGh. com/2021
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