We Are Highly Disappointed, We Were Expecting 50 to 60 Pesewas Reduction On All Petroleum Product – COPEC

Fuel prices in Ghana will go down by 15 pesewas per litre effective April 1, 2022. This reduction will be in place for three months.
This was disclosed by the Minister of Finance, Ken Ofori-Atta, on Thursday, March 24, 2022, while announcing measures put in place by the government to cushion Ghanaians against current economic shocks.

“To mitigate the rising price of petroleum products at the pumps for the next three months, government has decided to reduce margins in petroleum price build-up by a total of 15 pesewas per litre with effect from 1st of April,” he 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. These are expected to reduce the price of petrol by 1.6 percent and diesel by 1.4 percent. We anticipate the measures taken to stabilise the currency will help further stabilise the prices at the pumps,” Mr. Ofori-Atta added.

Sampson Addae expresses disappointment at government’s decision to reduce the price of petroleum products by 15 pesewas per litre on Plan b Fm’s Ebanoosen hosted by Bohyeba Afriyie.

He contended that the amount is woefully inadequate.

He added they are highly disappointed because they expected 50 to 60 pesewas because of the promise the energy minister gave them in a meeting.

He concluded that they might embark on the planned demonstration because this update is not satisfying at all