<\/p>\n
Senyo Hosi<\/strong><\/p>\n FUEL PRICES are expected to go down by about GH\u00a21 per litre starting Friday, April 1, 2022 according to the Ghana Chamber of Bulk Oil Distributors (CBOD).<\/p>\n This downward price reduction, expected to affect petrol and diesel, follows several engagements between the COBD, the Bank of Ghana (BoG) and stakeholders to fashion out interventions, aimed at reducing the prices at the various pumps.<\/p>\n Chief Executive of the Chamber, Senyo Hosi, said additional measures have been agreed upon and are expected to reduce prices by April 1.<\/p>\n \u201cThe key thing that will really deal with the challenges we have, will be the exchange rate interventions that government is looking at together with the Central Bank. Come April 1, 2022; we should be able to see a better position on petroleum prices.<\/p>\n \u201cWe will be looking at something close to a cedi under litre or half a cedi under a litre,\u201d he said.<\/p>\n In an interview with JoyNews<\/em>, Mr. Hosi said once these measures are implemented, there will be some reprieve for consumers.<\/p>\n \u201cWe\u2019ve been engaging the BoG. I think they release about $160 million to the entire energy sector, so not just the BDCs. I think they did some, but not in a very structured way as we would have wanted to be done. It was very critical for the particular moment to reduce some tension,\u201d he noted.<\/p>\n He explained that the new interventions would help \u201cdevelop a structure geared around the forex market to ensure that some of these interventions can cascade into lower pump prices as we currently see on the markets.\u201d<\/p>\n Last week, the government announced a GH\u00a20.15 reduction in petroleum products, which commercial transport operators rejected.<\/p>\n According to them, they would have been better off if government had not absorbed anything.<\/p>\n \u201cIf this is all they can do for us, I will say we are ungrateful. The GH\u00a20.15 is woefully inadequate, so we\u2019d have to meet and decide on which way we are going to move,\u201d spokesperson for GPRTU, Imoro Abass said.<\/p>\n BY Jamila Akweley Okertchiri<\/strong><\/p>\n \n\t<\/div>\n","protected":false},"excerpt":{"rendered":" Senyo Hosi FUEL PRICES are expected to go down by about GH\u00a21 per litre starting Friday, April 1, 2022 according to the Ghana Chamber of Bulk Oil Distributors (CBOD). This downward price reduction, expected to affect petrol and diesel, follows several engagements between the COBD, the Bank of Ghana (BoG) and stakeholders to fashion out […]<\/p>\n","protected":false},"author":1,"featured_media":1038167,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[6797,599,6798,2543,601,2544],"class_list":["post-1038166","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-cbod","tag-fuel","tag-gh1","tag-predicts","tag-prices","tag-reduction"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1038166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1038166"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1038166\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1038166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1038166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1038166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}