The price of premix fuel increased from GH¢10 to GH¢25 per gallon
The price of premix fuel has increased by GH¢15 from the initial GH¢10 and a gallon is now expected to be sold at GH¢25 per gallon in various landing beaches in the country.
The increase according to the government has been necessitated by the rise in the price of crude oil in the international market.
The current increase in commodity prices according to the government is a result of the increase in the cost of products in the international market.
Nana Abrokwa Asare who is the managing director of the National Premix Secretariat said the government cannot afford huge subsidies to fishermen and other users of the product across the country.
Speaking in an interview with Citi NewsMr. Asare said the decision to increase the price was made after consultation with fishermen leaders and the NPA in cooperation with the Ministry of Energy.
“BBM Premix as we know is heavily subsidized by the government and the subsidy is very large up to 85 percent, so the government today is also facing challenges because it has to catch up with the increasing price of BBM in the international market. So, we engaged the fishing leaders to discuss ways that we can help increase the supply of premix fuel and one of the strong points is that we are looking at the increase in the price of premix fuel.
Mr. Asare said that the current increase will bring peace to the government and also lead to the delivery of products.
“This reduces the burden on the government, for the record, a gallon is sold at GH¢10 when a gallon should be sold at GH¢80 and the government owes GH¢70 per gallon and after sitting down and deliberating with the fishermen, we agreed that a gallon of premix should be sold for about GH¢ 30 but putting everything together in negotiations with the NPA and the Ministry of Energy, we came to a consensus that a gallon should be sold for GH¢25.”
The post Premix fuel price rises from GH¢10 to GH¢25 per gallon appeared first on Citinewsroom – Comprehensive News in Ghana.
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