Audio By Carbonatix
The National Petroleum Authority has indicated plans to push for the total removal of subsidies on all petroleum products.
Government last month removed subsidies on petrol, diesel and LPG but maintained that on kerosene, pre-mix fuel and residual fuel.
Analysts are however worried government might still step in to cushion consumers from paying the real price on the market.
This has in the past caused government’s debt owed distributors of petroleum products hit about 500 million dollars.
But Alpha Okaija-Welbeck Head of Pricing at the NPA says it is working to ensure that consumers pay the full cost come the next review date on July 1.
If the National Petroleum Authority secures government's approval for this move, consumers should be paying for the real prices of petroleum products as and when they go up on the international market.
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
-
Friends of Bridget Bonnie Marks her 35th birthday with donation to Kasseh Model Health Centre
28 minutes -
Landfilling waste management creates no value, it’s an economic waste
55 minutes -
Photos: Speaker Bagbin Commissions MPs constituency office under parliamentary decentralisation programme
1 hour -
Black Stars technical advisor Winfried Schäfer sacked as GFA shakes up backroom staff
1 hour -
Wenchi water project almost complete, critical to gov’t agenda – GWL MD
2 hours -
Anti-LGBTQ+ bill not part of government’s legislative agenda – Inusah Fuseini
2 hours -
Anti-LGBTQ Bill: Forget the rumour mongers, I’m a man of action, and will pass the bill – Speaker
2 hours -
Women and children among those killed in Sudanese army shelling of wedding celebration
2 hours -
President Mahama is not sincere with Ghanaians on LGBTQ bill matter – Hassan Tampuli
3 hours -
Gov’t to establish Prison Industrial Hub to equip inmates with income-generating skills – Prison Service boss
3 hours -
Alhassan Tampuli donates cement, roofing sheets to support storm victims in Gushegu
3 hours -
Alhassan Tampuli appeals for urgent support for storm victims in Gushegu
3 hours -
The hypocrisy must stop; pass Anti-LGBTQ+ Bill now – Alhassan Tampuli to Mahama
3 hours -
Imprisonment should be rehabilitative, not punitive – Ghana Prisons boss at UNGA
3 hours -
Ga Adangbe traditional priests petition Mahama over McDan aviation licence revocation
4 hours