There are conflicting media reports on what has constituted the increment in petroleum prices albeit the sharp decline in crude oil prices on the world market.
An impression has been created that Parliament approved between 2.8 and 5 per cent increases per litre for petrol and diesel respectively other than the 29 per cent and 27 per cent per litre respectively for petrol and diesel observed at the pump from January 1, 2016.
It is not the case that the increase in petroleum prices is a result of extra profit being sought by Bulk Distribution Companies and Oil Marketing Companies.
Following the controversy the increment has created in the citizenry and the labour front, the Ghana Chamber of Bulk Oil Distributors (CBOD) as part of its demystify downstream project has taken steps to clarify the issues arising.
Click here to download FAQs explaining the PBU and the New Energy Sector Levies Act (ESLA).
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By: CBOD Ghana
