Fuel Price Ghana

Fuel Price reduction: Representative for the Ministry of Energy, Kwasi Obeng Fosu has demonstrated the public authority took a choice to diminish the fuel costs in light of the fact that the nation isn’t in normal times.

As indicated by him, a gathering which occurred between the Minister of Energy, Mathew Opoku Prempeh and partners in the oil advertising chain including the Oil Marketing Companies ( OMCS) and the Bulk Oil Storage and Transportation Company Limited (BOST) On Tuesday in the end finished into the decrease.

The public uproar after the announcements of the upward review may have forced the government to succumb to pressure.

Mr. Kwasi Obeng who was speaking on the 3FM’s Sunrise Morning Show said gov’t forced the stakeholders to reduce their margins on all fuel components and not just one component.

“We decided to work on their margins to see how best we can beat it down more especially when we are not in normal times with an economy recovering from COVID-19 there was no need to overburden the citizens. We realized that Shell and others pegging their prices above GHC 6 was way too high”.  He stated.

On Tuesday drivers across the country called on their mother Union, the Ghana Road Transport Union, GPRTU to immediately increase transport fares.

The GPRTU through its Industrial Relations Officer, Abbas Ibrahim Moro stated on the same show that despite the marginal reductions, GPRTU would still increase fares by close of Wednesday.

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