Audio By Carbonatix
Price of some petroleum products are expected to increase between 3 and 20 percent by next week.
Joy Business has gathered that Petrol and Diesel should go up between 3 and 5 percent.
LPG could witness a 7 percent adjustment.
Premix and Kerosene will go up between 15 and 20 percent. Sources say the increase is in line with the bi-monthly adjustment in prices of petroleum products at the pumps.
Government on September 1 stepped in to cushion consumers from paying the expected hikes in the last review but it is not clear if it will intervene again on Monday September 16.
Transport fares go up by 20%
Meanwhile, transport fares would go up by 20 percent from September 14.
A source close to government says government appears not to be happy with the sharp increase in transport fares.
According to the source, since fuel adjustments constitute just about 25 percent in the buildup of transport fares, it was not prudent for the transport operators to increase their fares by that percentage.
The transport union on the other hand have argued that the increase is independent of fuel price increases.
The Ghana Road Transport Coordinating Council has asked passengers not to pay what it called illegal fares because it had not officially taken effect.
Other commercial drivers however can now legally charge the new fares.
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
-
GMA calls for fairness and due process over disciplinary action in Charles Amissah report
8 minutes -
Tourism Minister calls for increased investment in Ghana’s creative sector
9 minutes -
Driver arrested after chasing down child cyclist on footpath
13 minutes -
Police crack Bolga robbery gang, retrieve AK47 and 87 rounds of ammunition
15 minutes -
Top BJP leader’s aide shot dead in violence after Indian state election
15 minutes -
Islamic State-linked women arrive home in Australia from Syria
16 minutes -
Six arrested for impersonating security personnel in Agona Swedru
18 minutes -
6 arrested for allegedly impersonating security operatives at Agona Akwakwa
19 minutes -
Dr Joshua Zaato says “No Bed Syndrome” is becoming an excuse for health system failures
19 minutes -
Bank of Ghana exposure to government debt raises independence concerns – CERPA
23 minutes -
UBIDS launches maiden Economic and Social Policy Dialogue to tackle youth unemployment
25 minutes -
Shell latest oil giant to see profits surge due to Iran war impact
26 minutes -
Civil Service Council commends the Finance Ministry for economic recovery and reform efforts
39 minutes -
Health Minister’s directive aims at systemic reform, not just punishment — CDD Fellow
39 minutes -
High interest rates and currency depreciation drive Bank of Ghana financial strain- CERPA report
42 minutes