The National Petroleum Authority says Ghanaians must brace themselves for possible more fuel price hikes because there is little it can do to control external shocks.
Yesterday the price of petrol and diesel is currently pegged at GH¢5.21 per litre, up from the previous price of GH¢5.07 per litre despite a reduction in the price of crude oil in the international market.
Executive Director of the NPA, Hassan Tampuli blames the trend on a surge in the price of finished products on the international market.
Prices of petroleum products went up by 2% in August 2018. The motoring public is angered by the seeming helplessness by government and are demanding bold steps including a review of the petroleum products pricing formula to contain the situation.
Meanwhile, Policy think tank on taxation and consumer protection CUTS International, wants the government to reduce the special petroleum levy to give consumers relief.
Executive Director of CUTS International, Appiah Kusi Adomako, told Citi News the government can still help relieve consumers of the burden from the increases.
Lets listen to some reactions among a section of the public in Accra.