Ghanaian to pay 2% more for fuel

Ghanaian to pay 2% more for fuel

Ghanaians are likely to pay more for the fuel according to the forecast of the Chamber of Petroleum Consumers, Ghana.

In a statement signed by the executive secretary of the chamber, Duncan Amoah, prices of petroleum products are likely to be adjusted upwards by some 2% on current pump prices.

However, the chamber has described the move as “unfortunate and unnecessary”.

We find this latest moves very worrying and will advise the various petroleum service providers to shelve any such moves as it will amount to complete and needless fleecing of the Ghanaian consumer.

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“We further use this opportunity to also remind government of the urgent need to ensure the downward revision of the levels of taxes on petroleum products in the country. We also maintain our call on government to put in place a dual pricing mechanism which will serve to minimize the effects of world market prices adversely affecting local pump prices and the deregulation programme altogether,” the executive secretary of the chamber Duncan Amoah said in a statement.

The statement also advised government to put in place a dual pricing mechanism which will serve to minimize the effects of world market prices adversely affecting local pump prices and the deregulation programme altogether.

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