Emelia Arthur: Selling premix fuel at exorbitant prices prohibited

Minister for Fisheries and Aquaculture Development, Emelia Arthur, has warned that premix fuel distributors who charge above the approved GH¢200 price for a 20-litre gallon will face sanctions.

Speaking during her inland fisheries tour in the Pru East District, she urged fisherfolk to report illegal price hikes, stressing that premix fuel remains subsidised by the government to ease the burden on fishing communities.

“The National Petroleum Authority is responsible for setting petroleum prices, which are reviewed every two weeks. When fuel prices go up, premix fuel prices also increase, and when they come down, premix prices are reduced as well. As we know, premix fuel is subsidised by the government to reduce the burden on fisherfolk.

“We communicate the approved prices to the DCEs and MPs because, by law, DCEs are responsible for premix fuel distribution. Currently, a gallon of premix fuel should sell at GH¢25.80, meaning a 20-litre gallon should not cost more than GH¢200.

“Prices could reduce further if global fuel prices drop after tensions between Iran, Israel, and the US ease. Anyone selling premix fuel above GH¢200 should be reported to the DCE, MP, or the Ministry because that would be against the law, and sanctions will be applied.”

She also cautioned premix fuel committees against approving fuel deliveries with shortages, directing members not to sign delivery forms if the required 13,300 litres are not supplied.

“Sometimes, when the premix fuel arrives, the quantity supplied is below the required 13, 300 litres. Committee members receiving the fuel should not sign the delivery form if the quantity is short. They should report it so the necessary action can be taken against the supplier.”

Source: Citi Business News