‘Reducing fuel price by 15 pesewas per litre absolutely disgraceful’ – Rickets Hagan

A former Deputy Finance Minister and Member of Parliament for Cape Coast South, Kweku Ricketts-Hagan has accused government of putting itself to big shame with the yet-to-be implemented 15 pesewas reduction in fuel prices.

So if you suggest what I felt was a disgraceful figure of 0.15p [reduction in fuel products] ….it’s absolutely disgraceful, and it doesn’t do anything”, the MP stressed on The Big Issue.

Diesel is currently selling between GH¢10 and GH¢11 per litre, while the price of petrol has crossed the GH¢9 mark at some fuel stations.

The price of the product will however go down by 15 pesewas per litre effective April 1, 2022.

“If fuel is sold at GHS 10 per litre and you offer me 0.15p [reduction], that is GHS 9.85p

“To mitigate the rising price of petroleum products at the pumps, for the next three months, the government has decided to reduce margins in the petroleum price build-up by a total of 15 pesewas per litre with effect from 1st of April,” Ofori-Atta said.

“BOST margin reduced by 2 pesewas per litre, unified petroleum pricing fund margin reduced by 9 pesewas per litre, fuel markin margin reduced by 1 pesewa per litre, primary distribution margin reduced by 3 pesewas per litre