Fuel consumers have appealed to the government to take urgent steps in addressing the increasing price of the product.
Last night, some Oil Marketing Companies upwardly adjusted the cost of fuel to GHC 6.90 per litre.
These OMCs explain that the hike is a result of the rising crude prices on the international market.
Thursday evening’s rise in fuel prices is the second in three weeks.
These developments have left consumers frustrated.
“At first, I was buying GHC 60.00 which could last me for a whole day. But now, I’m buying GHC 150.00 worth of fuel per day. I am going to stop this taxi work and seek employment elsewhere,” one consumer told JoyNews.
Another transport operator told JoyNews that the rapid rise in fuel prices is crippling his business.
“The rising cost of fuel has affected me heavily. I run a fleet of vehicles and with the prices going up, we cannot emphasize enough, the need for the government to come in. Currently, all the vehicles are parked.”
Since September last year, the cost of fuel has experienced an over 40% increment.
This has raised general concerns among a large section of the public as any adjustment in the cost of fuel has a rippling effect on the cost of other goods and services.
There have been calls already on the government to rationalize levies on petroleum products.
Speaking on Joy FM, Chief Executive Officer of the Chamber of Bulk Oil Distributors, Senyo Hosi, said that the rationalization of petroleum levies will stabilize the cost of fuel in the country.
“The Energy Sector Recovery Levy, Energy Debt Recovery Levy, Primary Distribution Levy, the Primary Distribution Margin, the Sanitation levy, all need to be rationalized. For instance, the Price Stabilization and Recovery Levy, for instance, has not been used for any stabilization programme ever," he said.
Latest Stories
-
3 confirmed dead in Ejisu-Konongo Highway collision, 1 injured
27 mins -
Fatawu Issahaku gets assist as Leicester City beat Preston to win Championship title
47 mins -
Child’s right advocate criticises state’s handling of ‘victim’ in alleged child marriage case
48 mins -
NPP has created 2.1m jobs in seven years – Bawumia
1 hour -
Akosombo Dam spillage: We’re considering a class action suit against government – Ablakwa
1 hour -
Government offers teacher unions about 70% increment in continuous professional development allowance
1 hour -
Everyone must show interest in depleting pension funds – Pensions Expert
2 hours -
African Business Heroes: African SMEs ready to compete for a share of $1.5m grant
2 hours -
My government will partner with faith-based groups in development – Bawumia
2 hours -
Joy Prime’s Prime Morning to host show at sea in May Day celebration with Ghana Navy
2 hours -
Why increase contribution rate when you can’t manage what is given you? – NAGRAT asks SSNIT
3 hours -
There are greener pastures in Ghana – Prof Owusu-Dabo
4 hours -
Myjoyonline Interview with Abubakar Tahiru: Guinness World Record Holder for ‘Most Trees Hugged In An Hour’
4 hours -
JoyNews’ Clinton Yeboah honoured at 2023 Int’l Sports Media Awards in Spain
5 hours -
14 PWDs selected for maiden Africa Health Collaborative Medicine Counter Assistant training
5 hours