Thank Us For Mitigating Hikes In Fuel Prices — Peter Amewu

The Minister for Energy has said the Akufo-Addo led government deserves some accolades for their numerous interventions to mitigate the hikes in fuel prices.1 min


7745
1.6k shares, 7745 points

The Minister for Energy, John Peter Amewu has said the Akufo-Addo led government deserves some accolades for their numerous interventions to mitigate the hikes in fuel prices.

According to John Peter Amewu, if not their intervention, the recent increase in prices of petroleum prices would have been much more devastating for Ghanaians.

John Peter Amewu, who cited the removal of excise duty and the review of the Special Petroleum Tax from 17.5% to 13% among other interventions to mitigate the hikes in prices.

Amewu said “without government intervention…prices today, would have been GH¢5.54 per liter for petrol and GH¢5.55 per liter for diesel.”

“So, what it means is that the price we are paying today, if the Mahama-led administration is still in force, you’ll be paying quite close between 9-10% higher than the current prices that Ghanaians are paying.

“I think it’s time you give this government the recognition for caring for the people of this country,” he added.

Petrol and diesel are selling currently at GH¢5.18p and GH¢5.14p per liter respectively representing a change in price from the previous pricing window of GH¢4.90p (petrol) and GH¢4.94p (diesel) by 4.49% for petrol and 3.64% for diesel.

Meanwhile, the Minority is accusing the Akufo-Addo government of shortchanging Ghanaians with the recent hikes in petroleum products by transferring its incompetence in arresting the free-fall of the cedi to the dollar.

The cedi has recorded massive losses against the dollar, the latest being earlier this month where it hit GH¢4.97 to the dollar. It followed a July fall where it traded at GH¢4.83 to the dollar depreciating cumulatively, by 5.3% in the first six months, compared to 3.3% in the first half of 2017 despite significant increments of weekly dollar sales to local banks in the country.

Describing the increase as unfortunate, the Minority spokesperson on Energy, Adam Mutawakilu said it was mainly because of the depreciation of the cedi.

“And the government, therefore, is transferring their incompetence in the management of the cedi to the ordinary consumer to pay,” he stated at a news conference Wednesday, September 19.


 


Like it? Share with your friends!

7745
1.6k shares, 7745 points

What's Your Reaction?

hate hate
2901
hate
confused confused
1611
confused
fail fail
644
fail
fun fun
322
fun
geeky geeky
3223
geeky
love love
2257
love
lol lol
2578
lol
omg omg
1611
omg
win win
644
win
Ghananewsxyz

We bring you all the news in Politics, Entertainment, Sports, Business, Religion & Among Others in Ghana and Beyond!

Comments

comments

close

Ad Blocker Detected!

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Countdown
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF
Gif
GIF format