Audio By Carbonatix
Consumers of Petroleum products should by the end of this year be prepared to pay the real price of petroleum prices on the world market.
This is because government is working to completely remove subsidies on all petroleum products.
Government has already taken off subsidies on petrol, diesel and LPG, but is still subsidizing the other products, like Premix , Kerosene and marine gas oil.
Edward Bawa who speaks for the Energy Ministry said the subsidy removal has been necessitated because the targeted poor was not benefiting even though it had a huge impact on government expenditure.
"...Government realised that in still subsidising these products, all we were doing was that we were subsidising mostly commercial players."
He said government "could still find other ways of targeting [the poor]".
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
-
CDM rejects claims that BoG losses were due to Gold Purchase Programme
2 minutes -
Ghanaians experiencing tangible relief under Mahama administration – Professor Baffour Agyeman-Duah
4 minutes -
Livestream: 2025 Year in Review on The Pulse
32 minutes -
Ho Central Mosque closed for 2 weeks amid leadership dispute
47 minutes -
31st December: Remembering the Spirit of Probity, Accountability, and the Renewed Call for Justice
48 minutes -
Mali and Burkina Faso impose travel ban on US citizens in tit-for-tat move
54 minutes -
CDM accuses GoldBod CEO of contradictions over Gold-for-Reserves losses
1 hour -
Cyborg fined GH¢24k for discharging firearm during Asake meet-up
1 hour -
Guinea junta chief wins presidential election by landslide
1 hour -
Machu Picchu train crash leaves one dead and dozens injured
1 hour -
Heavy police presence in Sydney for New Year’s celebrations after Bondi attack
2 hours -
Ghana not experiencing ‘dumsor’ despite occasional outages – Analyst
2 hours -
ESLA stabilised energy sector but legacy debt remains major challenge – Analyst
2 hours -
Peter Obi dumps LP, defects to ADC
2 hours -
Proposed 5-Year Presidential Term Could Break Ghana Tradition of 8-Year Mandate
2 hours
