The International Monetary Fund (IMF) has asked the government to take a second look at the pricing of petroleum products. The IMF is asking government to remove subsidies on the products because it has serious implications for the economy, adding, the affluent in society benefit from the subsidies. Government currently spends about 45 million Ghana cedis to subsidize fuel prices every month. This, the head of the IMF delegation visiting the country to carry out its annual review, Christiana Daseking said the regime is not sustainable. She made these remarks during an interaction with President John Evans Atta Mills at the Castle, Tuesday. According to Christiana Daseking, “The price of oil imports has risen a lot, the domestic price has however not been adjusted. This is now creating cost of about 60 million cedis every month which is very expensive and risks crowding out other important spending. “Certainly we will want to have the more vulnerable people in the country supported for social programmes. The cost of living has increased because of the depreciation and we do think it’s important and we will certainly support you in extending social programmes.” She noted that, “most people know the subsidies on fuel really benefit mostly the higher income groups. So we would certainly encourage you to take what is necessary, we know you are committed to physical discipline…” President Mills on his part pledge government’s commitment to review the policy. The President said, “It is important that the two groups learn from one another … these are issues that some of us talk about and you can be sure that what will want to do something that is going to inure to the benefit of our dear nation. Considering the fact that we are in an election year, President Mills noted, there are bound to be difficulties, “but that doesn’t meant that we should not address the situation …”