
Audio By Carbonatix
The former Deputy Power Minister, John Jinapor has questioned government’s commitment to cushioning the general public against the effects of the hikes in fuel prices.
His query comes after the National Petroleum Authority (NPA) announced a suspension of the price stabilization fund and the recovery levies for the next two months to ease the burden on consumers.
The NPA, however, added that it will require the approval of Parliament to effect the changes that will bring the expected relief.
But the Yapei-Kusawgu legislator disagrees with the Authority.
According to Mr Jinapor, government can make use of the stabilisation fund which does not require parliamentary approval.
“The essence of the Price Stabilisation Levy is to accumulate money so that when there is an increment that we are expecting, you can fall on that to cushion consumers. I am surprised that the NPA says that they are waiting for Parliament to resume,” he said.
The former deputy Power Minister further asked the NPA, “How much do you have in the Price Stabilisation Levy? And how many weeks, days, or months can that amount cushion consumers?
On Wednesday, October 13, the Oil Marketing Companies (OMCs) and the NPA announced that prices of fuel will be adjusted upwards by at least by 7 per cent at the pumps come Saturday, October 16.
This development has raised a lot of uproar among a section of Ghanaians.
Latest Stories
-
Ramifications of the IPO market surge in Africa
12 minutes -
Ghana Exim Bank’s UN Global Compact membership to boost global credibility and sustainable financing – CEO
18 minutes -
UN Global Compact urges Ghanaian firms to accelerate sustainability drive as Exim Bank joins initiative
18 minutes -
High Court orders Abu Trica extradition to US over alleged $8m romance fraud
25 minutes -
Zanetor advocates stronger security collaboration to improve prosecution of terrorism-related offences
37 minutes -
Nortsu-Kotoe demands dissolution of Bolgatanga Technical University Governing Council
40 minutes -
Canadian boy, 11, dies of rabies after waking to bat on his face
41 minutes -
New Cashew Council Ghana Board inaugurated to boost sector growth
41 minutes -
Ghana Exim Bank joins UN Global Compact to deepen commitment to sustainable finance and responsible business
43 minutes -
Residents of Alajo fear cholera outbreak over piles of refuse after floods
43 minutes -
Why Ghana should embrace modern multi-storey apartment buildings to reduce flood risk
49 minutes -
Observe high hygiene standards after floods to prevent disease outbreaks – Public health expert
60 minutes -
‘She’s a real Scorpio’: Gen Z’s love for astrology is showing up in their jewelry
1 hour -
Monday’s floods destroyed everything in my home – Kwame Jantuah
1 hour -
Bosome Freho District Assembly empowers persons with disabilities with start-up kits to reduce street begging
1 hour