Audio By Carbonatix
The Ministry of Energy and Petroleum says kerosene and premix fuel attracted the highest price increases in recent fuel price adjustment because subsidies on them were being exploited.
Last week’s fuel price adjustments saw kerosene and premix fuel recording the highest increases. Premix fuel which was selling at 66.82 GHp/lt increased by 19.94% as the pump price went up to 80.14 GHp/lt.
While kerosene which was being sold at 115.03 GHp/lt increased to 124.79 GHp/lt representing an 8.41% hike.
But speaking to journalists at the end of a three-day oil and gas sector training, Deputy Minister of Energy and Petroleum John Jinapor said 80% of subsidised kerosene are used for commercial ventures rather than for domestic use by the targeted poor.
"Research has indicated that only 20% of the subsidised kerosene gets to the final consumer in addition to that while we subsidise a gallon of kerosene at GH¢ 4, it is being sold at GH¢ 16 in the rural areas", the Minister revealed.
He also added that 80% of susbsidised fuel finds its way back onto the market after they have been adulterated, which he said contributed to various mechanical problems in vehicles.
He noted that these issues have compelled government to instead invest in solar lanterns to assist the poor as against subsidising kerosene and pre-mix fuel.
He explained that the solar lamps are effective, last longer and can even be used to charge mobile phones, noting it is one of means of "bridging the communication gap".
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
-
Port of Tema dismisses claims of strike and operational disruptions
6 minutes -
Concerned Small-Scale Miners laud Sammy Gyamfi’s leadership at Goldbod
11 minutes -
Prince Amoako Jnr reflects on impact after successful PAJ Foundation tournament
20 minutes -
A day of love and hope for orphans: All set for Nhyira Aboodoo
32 minutes -
Water’s whisper gone silent: Are Ghana’s cities ready for the thirsty future?
44 minutes -
Police apprehend serial burglar hiding in bank ceiling after festive crime spree
47 minutes -
Police arrest 23-year-old man for allegedly murdering father in Oti Region
55 minutes -
ICGC-Jesus Temple fêtes patients at Eastern Regional Hospital
1 hour -
Seidu Agongo builds lifeline facility for Ghana Police Hospital’s ‘Unknown Patients’
1 hour -
Ghana ‘scandalised’ by rising job losses under NDC – Dr Adomako Kissi
2 hours -
De Mayor Foundation supports over 700 widows and vulnerable persons in Adeiso
2 hours -
Poll shows Mahama widening lead in hypothetical 2024 re-run
2 hours -
Police Hospital relieved as new facility for ‘unknown patients’ eases long-standing burden
2 hours -
Gender Ministry empowers Kayayei with health, financial literacy and safety skills
3 hours -
Goldbod’s gold strategy has anchored currency stability and economic confidence – Senyo Hosi
3 hours
