Drivers angry over latest hike in fuel prices in Ghana

Drivers angry over latest hike in fuel prices in Ghana

Some drivers across the country are currently fuming following the latest hikes in fuel prices.

Reports circulating on Monday morning indicated that fuel prices had gone up once again, with some major fuel stations already selling petrol for its new price.

As of Monday morning, a litre of petrol was being sold at GH¢5.21, as against GH¢5.07 which was the previous price.

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The increase was in line with predictions by the Institute of Energy Securities (IES) over the weekend that fuel prices would be increased by 4 percent to a litre based on its research on October 15 pricing window.

But some drivers and citizens have lamented the situation, insisting the latest hike in fuel prices is bound to make their lives more difficult.

Speaking to Accra-based Starr FM, a driver said: “It is too much and the government must do something about it…it’s not easy. It’s just too much so at least they have to look at it. It’s not easy my brother, over 5 cedis for petrol.”

“My salary has not increased but fuel prices keep going up. The president must do something about it because he promised to ensure that fuel prices will be stabilised when he is elected. It is getting too arbitrary,” another driver lamented.

Meanwhile, the IES has predicted that fuel prices will continue to increase as a result of the cedi’s continuous struggle against its major trading currencies.

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In recent months, the cedi has drastically depreciated against the US dollar, recently hitting GH¢4.97 to the dollar.

The drivers, however, called on government to do something about the increasing price of fuel in order to make life more comfortable for them.

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Source: Yen.com.gh

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