CJA condemns fuel price increases

These justifications ranged from the need to remove imaginary subsidies to that of combating fuel smuggling across Ghana’s borders.

The claim that the Government is subsiding the prices of petroleum products is at best fraudulent, having regard to the numerous taxes which have been imposed on the products, the statement added.

 In making this claim, the CJA has also taken into account the fact that ex-refinery prices used in calculating ex-pump prices are assumed and could be far away from real cost.

According to the group, increases in the prices of petroleum products had a ripple effect on the economy and ought not to be done without proper consideration of its social, economic and political impact.

“We call on the Government to reverse its decision on fuel price increases as a matter of urgency”, the statement  concluded.