March 17, 2022

MP For Akim Swedru: Ghana Is Not Doing Bad When It Comes To Fuel Prices

Member of Parliament for Akim Swedru Constituency in the Eastern Region, Kennedy Nyarko Osei, has stated Ghana is doing far better in terms of fuel price hikes compared to other countries on the African continent.

The New Patriotic Party (NPP) legislator, in a Facebook post, arrayed a list of prices of a litre of fuel in 15 different African countries including Ghana, Rwanda, South Africa, Côte D’Ivoire, Lesotho Zimbabwe, Mauritius, Uganda, etc.

“In as much as we are calling on the government to do something about the rising fuel prices at the pumps, we shouldn’t also be blind about the global happenings. We shouldn’t forget we all go to the same global market to buy our oil.

“My checks this morning in some other African countries show that we are not doing bad when it comes to the prices of fuel at the pumps but we still think Government should do something little to cushion the consumers.

“Prices as of this morning in the following countries; Ghana $1.306 per litre, South Africa $1.413 per litre, Rwanda $1.230 per litre, Senegal $1.299 per litre, Seychelles $1.541 per litre, Zimbabwe $2.153 per litre, Lesotho $1.231 per litre, Mauritius $1.381 per litre, Uganda $1.389 per litre, Malawi $1.426 per litre, Ivory Coast $1.065 per litre, Togo $0.847 (1,037.71 CFA) per litre, Kenya $1.176 per litre, Burkina Faso $1.031 per litre, Morocco $1.334 per litre” he posted on Facebook.

Ghana has been hit by incessant fuel price increases since the onset of the year 2022 which has necessitated an increase in transport fares by 15% across the country.

COPEC, at the beginning of this week, predicted an increase in the price of diesel by 30.41% from ¢8.22 per litre to ¢10.721 an increase in the price of petrol by 18.25% from 8.22 per litre to 9.727 per litre and an increase in the price of LPG by 23% from 9.8 per kilogram to ¢12. 04 per kg in the second price window of March 2022 which began on March 16.

The Chamber for Petroleum Consumers (COPEC) says the price hikes in fuel are being fueled by the rise in oil prices on the world market due to the tensions between the Russian and Ukrainians as well as the depreciation of Ghana cedi to the United States dollar.

Drivers have, on that note, threatened another increase in transport fares if the government fails to provide incentives to cushion them from the increases.

Source: Fuseini

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