With the world oil prices of crude fast declining from an average of $109 per barrel in January to $81.14 per barrel as of October 14 2014, it is expected of Government and for that matter it’s agency the National Petroleum Authority (NPA) to announce to Ghanaians, the reduction in the prices of petrol and it’s related products.
When we consider the haste with which the NPA increase fuel prices during world oil price upsurge, AFAG wonders why, government has not shown similar faith with respect to the fast declining prices of crude oil on the international market over the past 3 months.
If the cedi is indeed appreciating against the major currencies (i.e. falling from 3.8 to 3.1/ $), why on earth must we be undermined by Government. We consider this behavior of government as Sub-human and disrespectful.
However, Ghanaians acknowledge that, the NDC government in its desperate attempt to make up for lost revenue as a result of massive and well organized corruption under President Mahama, is leaving no stone unturned to deprive us of our livelihood through over taxation. We are sick and tired of this high level insensitivity demonstrated by the NDC led John Mahama government.
Paradoxically, in 2008 when the world oil prices surged from an average of $60 per barrel to $140 per barrel, a gallon of petrol was 3.50 pesewas in Ghana. However, in 2014 amidst oil production, and with world oil prices of crude less than $82 as of now, Ghanaians are buying a gallon of petrol at over 15 Ghana cedis. This is rather ridiculous.
AFAG considers this development as a rip-off. The deafening silence by the president is shockingly inappropriate. Mr. President, show some leadership and concern here. Ghanaians need an economic lifeline. We want fuel price reduction now!!!! Life in Ghana is hell.