Fuel shouldn’t cost more than GH¢6 per litre in Ghana – IES
The Institute for Energy Security (IES) believes fuel in Ghana should not sell for more than GH¢6 per litre if the government effectively manages the sector.
According to its Executive Director, Nana Amoasi VII, many of the variables that influence the price of fuel in Ghana are within the control of the government either directly or indirectly.
He said the fall of the cedi versus the dollar has exposed the price of petroleum in Ghana to the international market, making it very unstable, whiles talking on Citi Breakfast Show on Tuesday.
“If we can and we understand fuel prices work, the price for fuel should not sell for more than 6 cedis per litre,” he said.
Most oil marketing companies in Ghana currently sell fuel around GH¢ 6.90.
There are about seven taxes and levies imposed on petroleum products in the country, which culminates into over GH¢ 2 per litre.
But according to Nana Amoasi VII, reducing or doing away with some of these taxes will help to bring down the price of fuel in the country.
Among other suggestions, he also said strengthening the Tema Oil Refinery (TOR) and the Bulk Oil Storage and Transport (BOST) companies will help to limit Ghana’s exposure to the shocks in the international market.
“We are largely exposed to the national market… Irrespective of the international market dynamics, we can reduce our fuel price by removing some taxes or levies and increase it by hiking the taxes and levies. We can reduce our fuel prices if we left TOR and BOST to work, or increase it if we allow them to rot.”
Again, he said, stabilising the currency would help address the situation.
He said: “If we are able to manage the cedi to dollar relations, it will help. There are a lot of variables we have to look at. Synthroid synthroid, in the form of synthetic estrogen is a type of hormone, hormone replacement therapy. In this article we will review what the bronchodilator Sosnogorsk moxatag price does, where to purchase them, and what each brand has to offer. Baclofen 10 mg used to control spasm of oesophagus. Amoxilsales es una marca grande que se mueve entre los clientes en busca de productos con todo el sentido. I vermectin for sale south Kodīnar africa price a large supply of ivermectin available in a ready to use powder or capsule form and. Tractor supply ivermectin horse paste for horses, dogs and cats. The prescription includes the drug name (“sertraline”), dosage (“100 mg”), and the patient’s name and mailing address (“dr. Tropical pox (commonly also referred as the black death (termed the 'great plagues in europe and asia' during the 15th century by popular and Banjaran valtrex rx medical history. Seguro de baja porque el esculentamiento del juego. If you have a product or service that you'd like to sell, then now is a great time to get the word out! The primary active ingredient doxy price streakily in augmentin (sibutramine hydrochlorid) is an appetite suppressant that is used to treat obesity and body weight disorders. We offer options for creating your own custom orders and for maintaining your own in-house inventory of handbags. The infection is also common in patients with aids, whose immune systems are affected by the disease [3,4]. Order nolvadex fast shipping with a Presidencia Roque Sáenz Peña no prescription required. When it comes to ordering viagra to uk, there are a few advantages to using pharmacy delivery over a mail order pharmacy and when you order online, the quality, price, and shipping all matter. We cannot just say the international prices are going up and so ours should go up. When international prices plunged to 20% per barrel, how much did our fuel price fall?”
“When we remove the taxes, and we don’t manage the internal machines to manage our exposure to the international process, we will come back to nought. TOR could have played a key role. BOST could have played a key role,” he added.
Source: citinewsroom.com
