Duncan Amoah- Executive Secretary of the Chamber, says measures are being put in place to help subsidise the rising prices of fuel.
he said on Joy Prime on Wednesday, November 9. He, however, explained that the recent hike in the price of diesel, petrol and kerosene is due to the increase in taxes on petroleum products.
Mr. Amoah further stated that the regulator, the National Petroleum Authority (NPA) should not be blamed for the increase in prices. He blamed the government rather for mismanaging the economy of the country.
He wants the govenment to minimise the increase in petroleum taxes, saying it may lead to loss of jobs in the petroleum sector. Diesel is currently selling for more than GH¢23, while the price of petrol is hovering around GH¢18.In a related development, the Public Relations Officer of the NPA, Mohammed Abdul-Kudus, is of the opinion that the increment in prices should be blamed on the cedi depreciation and not taxes.