Plan To Import Affordable Fuel Set In Motion – Kojo Oppong Nkrumah
Information Minister, Kojo Oppong Nkrumah has also disclosed that the government has commenced plans to secure cheaper petroleum products onto the Ghanaian market. The Minister made this revelation on Monday. According to him, the National Petroleum Authority (NPA) and the Ministry of Energy will provide further
details about the importation of fuel onto the Ghanaian market in the coming days. He noted that the Energy Ministry had already begun talks with some major sources and sovereigns in the supply of petroleum products. In President Kufuor’s time, we did it with Nigeria, Sahara lifting for us and you could have supply
credit lines and a fixed price that you could bank on and it is a very similar arrangement that has already commenced and I am expecting that in the coming weeks the NPA, the Energy Ministry will have the opportunity to provide the details, he said. I am saying that the work has already started, I will want them to
come and put out those details…I am not going to preempt what the people responsible for the sector are going to do. We are scheduling for all of them to come and provide their detailed presentations and during those presentations, all of the questions can be put to them,” he told Evans Mensah. The Minister’s statement comes a
day after President Nana Akufo Addo announced that government is working to secure reliable and regular sources of affordable petroleum products for the Ghanaian market. The deal, if successful is expected to put some stability to the escalation of the fuel prices in the country. Currently, petrol and diesel prices are being
sold at an average of ¢18 and ¢23 per litre, from the previous prices of ¢15 and ¢19 per litre respectively. Already, some leading OMCs have adjusted the prices of petroleum products at their pumps. Petroleum consumers have lamented the high prices of petroleum products on the market as it has affected businesses and plummeted the cost of living in the country.