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Members of the Concerned Drivers Association of Ghana, CDAG, have called on the Ghanaian government to reduce the price of petrol.
This was as the Chamber of Petroleum Consumers Ghana, COPEC, wants the Ghanaian Finance Ministry to break its silence on the rising cost of fuel prices.
CDAG explained that GHS8 44-mark per litre of petrol is highly abnormal and causing unbearable hardship.
The group argued that the frequent increase should never be justified by the Ghanaian government following the Russia and Ukraine war.
With fuel prices expected to hit at least GH¢10 per litre in Ghana, COPEC’s Executive Director, Ducan Amoah, said the country’s economy is in danger of being wrecked.
“Everybody is complaining, but the finance guys who deal with these numbers have gone mute,” he said.
“Let the Finance Ministry stop sleeping and speak to these issues because clearly, these increases and the ones we are expecting on Wednesday is going to do only one thing. It is going to derail the entire economy completely.”
After COPEC had warned that diesel could cross GH¢10 per litre with petrol rising to GH¢9 per litre from March 16, the National Petroleum Authority confirmed that increases of this nature are expected.
COPEC attributed the expected increase to the rising cost of crude on the international market and the cedi which is currently depreciating among major trading currencies.
In a statement on Monday, it said the Free On Board prices of petrol increased by 19.28% from $917.48/MT to 1094.33/MT, diesel by 34.57% from $845.50/MT to $1137.78/MT and LPG by 17.42% from $845.93/MT to $993.25/MT between the first pricing window (1st-15th March 2022) and the second window (16th -31st March 2022).