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]".
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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.
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