The National Petroleum Authority has buckled under the weight of public outcry and has reduced the prices of fuel. The reduction will take effect on Wednesday, May 5 2021.
In a statement released today, May 4 2021, the Authority said it has after a meeting with the Minister of Energy, the Association of Oil Marketing Companies (AOMCs), Bulk Oil Storage and Transportation Co Ltd (BOST), the Chamber of Petroleum Consumers (COPEC) and the Institute for Energy Policies and Research (INSTEPR) decided to reduce the prices of fuel from the earlier announced 17 pesewas per litre to 9 pesewas per litre.
“The 17 pesewas per litre increase in fuel margins previously announced by the NPA has been reduced to 9 pesewas per litre effective tomorrow Wednesday 5th May 2021,” it stated.
This is at a time Ghanaian youth have come together to demand accountability from the government by embarking on a hashtag #FixTheCountry campaign on social media particularly on Twitter. The campaign has seen many prominent Ghanaian youths take to social media platforms to demand accountability from the leaders they voted for and the hashtag campaign is currently topping the trends in the Ghana Twitter space.
The announcement may well be a relief but the eminent increase in transportation fees tomorrow the same day the NPA directive will take effect will have a tough bearing on most Ghanaians. The increase in data and call charges have also come to force following the coming to force of new taxes introduced by the government on May 1 2021.