He said the country needs to focus on working on a proper measure to be able to withstand any price change on the world market. If you are a country that doesn’t have a strategic advantage, in both upstream and downstream, you bound to hit hard if these dynamics don’t go into your favour,” he said. He said the cause of the changes in the price can be attributed to the global oil price figures which the country does not have control over. “One of the components that are accountable for an increase in the price build-up is the global oil prices and we don’t have control over that, as well as the taxes. So as long as we don’t have control over that and it takes upward trends, we going to have prices at the pump going up,” he added.

Source: GhanaWeb June 04, 2021 14:26 UTC