Audio By Carbonatix
Bulk distributors of petroleum of petroleum products have described the total removal of subsidies on petrol, diesel and LPG as timely.
According to them, the move would ensure that there is constant supply of the product and also save their business.
The National Petroleum Authority last Friday announced a three percent hike in prices of Petrol and LPG, and a 2 percent increase on diesel.
This has resulted in the complete removal of subsidies on these products.
The distributors have had challenges in securing credits to import the products, because of government's inability to honour monies owed them on time, as a result of the subsidy.
But Coordinator of the distributors, Senyo Hosi tells Joy Business this challenge would be a thing of the past following the removal of the subsidies.
Meanwhile, Financial Analyst, Sydney Casely Hayford says although the increases are justified, government should have given prior notice to consumers.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Is talk of “losses” by GoldBod just abstract drivel? Bright Simons asks
56 minutes -
US Strikes: Ondo Amotekun arrests 39 fleeing suspected terrorists
1 hour -
New Passport Office opens in Techiman, bringing vital services closer to Bono East residents
2 hours -
Anthony Hopkins shares advice as he celebrates 50 years of sobriety
2 hours -
KTU Radio wins international award for its unique programme on World College Radio Day
2 hours -
German court jails man for drugging, raping and filming wife for years
2 hours -
Ashanti police intercept 2,600 AK-47 rounds and tactical gear at Asankare Barrier
2 hours -
Alhaji Agongo builds lifeline facility for Ghana Police Hospital’s ‘Unknown Patients’
2 hours -
Removal of Chief Justice Torkonoo had economic implications – Samson Lardy Anyenini
2 hours -
Ronaldo will not retire until he scores 1,000 goals
2 hours -
Amerado shuts down Okese Park with third edition of My Motherland Concert in Ejisu
2 hours -
Mahama visits Kufuor at Peduase to extend Christmas and New Year wishes
3 hours -
Man City close to agreeing terms Bournemouth to sign Semenyo
3 hours -
Time is right to change Man Utd formation – Amorim
3 hours -
Akufo-Addo’s record not entirely negative despite economic challenges – Anyenini
3 hours
