Burglary: Ghana prices of fuel to drop by 15 pesewas a liter from April 1-2022, Drivers disagree with government decision.
GOIL sells liters of both diesel and petrol for GHS 6.50 pesewas
Ofori-Atta's speech explained in a speech on Thursday that the reason for the increase in fuel prices was largely due to the increase in crude oil prices in international markets, which has led to a slowdown in exchange rates for oil prices.
He added that the rapid rise in crude oil prices in the international market should have benefited the country satisfactorily.
The country that imports petroleum products is estimated at 5.2 its total export value for crude oil.
The trend is said to be due to the decline in cedi compared to large currencies and the ongoing tensions between Russia and Ukraine.
He added, Consumers of petroleum products will be feeling the effects of the recent increase in petrol prices in the second price opening in March 2022.
The anno
uncement made by Finance Minister Ken Ofori-Atta was that the government would reduce fuel prices from April 1-2022.
Reduction of fuel construction estimates by ¢ 0.15 liter.
Mr Ofori Atta said the move was aimed at reducing and "the impact of rising fuel prices on the pump, over the next three months."
However, he noted that the decline in petrol prices starting in April "is expected to reduce petrol prices by 1.6% and diesel by 1.4%.
"He said we expect the measures to be taken to increase funding to help stabilize prices at the tap," he said.
He also revealed that negotiations are ongoing with the National Petroleum Authority (NPA) to reduce margins at pumps "in the spirit of shared responsibility."
The government will do everything in its power to ensure the constant supply of fuel and to control the rate of inflation by ensuring that the BoG receives adequate foreign exchange, ”he added.
exported $ 3,947.70 million and the Ghanaian half was $ 513 million by 2022.
Mr Offori Atta said, we have imported $ 2,719.00 of crude oil and finished products.
Profits called windfall in foreign trade are commonplace.
During January until now, the previous high price of diesel and petrol pumps increased by 56% and 44% respectively," he said.
The Minister of Finance has announced a 50% reduction in the distribution of petrol coupons to government employees from Feb 1-2022 as part of measures to reduce the country's economic woes.
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