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
-
Chinese giant Huayou seeks control of Ewoyaa lithium project in $210 million Atlantic Lithium deal
17 seconds -
We do not have a no-bed problem, we have an ineffictive triage problem
5 minutes -
CERPA links BoG losses to debt impairments, Gold-for-Oil programme
10 minutes -
MTN shareholders to receive quarterly dividends under new board proposal
13 minutes -
Herbert Mensah leads 25th commemoration of May 9 Disaster in Kumasi
27 minutes -
‘We are expecting to pick our ticket to Poland in Uganda’ – Black Princesses boss Charles Sampson
33 minutes -
We do not have a no-bed problem. We have an ineffective triage problem
46 minutes -
Police restore calm after violent cutlass clash at Akyem Oda New Station
56 minutes -
Bono Region to host maiden Ghana Youth Agriculture Summit on May 22
59 minutes -
Millions still suffering despite available asthma medicines – WHO envoy
1 hour -
Ghana to face Nigeria in a friendly ahead of Commonwealth Games
2 hours -
Today’s Front pages: Thursday, May 7, 2026
2 hours -
BECE 2026 progressing smoothly in Old Tafo Municipality
2 hours -
Health Minister assures full implementation of Akosa Committee recommendations on Charles Amissah death
2 hours -
TDC gives property owners 30 days to settle ground rent debts
2 hours