Audio By Carbonatix
The former Deputy Power Minister, John Jinapor has questioned government’s commitment to cushioning the general public against the effects of the hikes in fuel prices.
His query comes after the National Petroleum Authority (NPA) announced a suspension of the price stabilization fund and the recovery levies for the next two months to ease the burden on consumers.
The NPA, however, added that it will require the approval of Parliament to effect the changes that will bring the expected relief.
But the Yapei-Kusawgu legislator disagrees with the Authority.
According to Mr Jinapor, government can make use of the stabilisation fund which does not require parliamentary approval.
“The essence of the Price Stabilisation Levy is to accumulate money so that when there is an increment that we are expecting, you can fall on that to cushion consumers. I am surprised that the NPA says that they are waiting for Parliament to resume,” he said.
The former deputy Power Minister further asked the NPA, “How much do you have in the Price Stabilisation Levy? And how many weeks, days, or months can that amount cushion consumers?
On Wednesday, October 13, the Oil Marketing Companies (OMCs) and the NPA announced that prices of fuel will be adjusted upwards by at least by 7 per cent at the pumps come Saturday, October 16.
This development has raised a lot of uproar among a section of Ghanaians.
Latest Stories
-
Wa West Agric Director calls for stronger gov’t support after difficult farming year
21 minutes -
‘Agriculture isn’t only for village folks’ — President Mahama pushes professionals to take up farming
23 minutes -
82-year-old man emerges overall National Best farmer for 2025
39 minutes -
Calls grow for stronger oversight as free trade and lax regulation fuel fake medicines
58 minutes -
World Cup 2026: Tuchel keeps group stage opponents under wraps, shuns Ghana
1 hour -
Volta Region received a significant share of Big Push road projects – Mahama
1 hour -
Togbe Afede XIV lauds government’s $10bn ‘big push’ programme for boosting farm produce transport
2 hours -
FDA urges consumers to prioritise safety when purchasing products during festive season
2 hours -
President Mahama calls for single-digit interest rates on agricultural loans
3 hours -
President Mahama urges Ghanaians in formal jobs to take up farming
3 hours -
Farming interventions paying off, lifting incomes and food security, says Agric minister
3 hours -
Gov’t pledges science-backed interventions in agriculture, says Agric minister
3 hours -
Ghana unveils $3.4bn plan to accelerate national clean energy transition
3 hours -
Interior minister urges security agencies to maximise use of new NSB regional command in Ho
3 hours -
Photos: Ghana celebrates 41st National Farmers’ Day
3 hours
