Fuel Price Hikes Serious Killer For Ghanaians CLOGSAG

The Civil and Local Government Staff Association of Ghana (CLOGSAG) says the latest increases in the prices of petroleum products coupled with last December’s hikes in electricity and water, will worsen the plight of salaried workers.

The Public Regulatory Commission (PURC) in December 2015 increased electricity and water tariffs by 59.2% and 67.2 % respectively.

Meanwhile, a 27 percent increment in petroleum products which was occasioned by the passage of the Energy Sector Levy (ESL) by Parliament last month also took effect on Monday.

Checks by citifmonline have further revealed that taxes on fuel alone constitute about 70% of the total cost of petroleum products, meaning Ghanaians are not enjoying a drastic fall in crude oil prices globally.

Each tax component and margins also attract 17.5 value added tax (VAT) which is expected to be paid by the consumer.

Speaking on these developments, the Executive Secretary of CLOGSAG, Isaac Bampoe Addo, told Citi News the constant increment will worsen the life of the Ghanaian worker.

“The increment is a killer, a very serious killer to Ghanaians, especially those who are on payroll and those who are being paid salaries.

You know you have several things to consider as a worker and you pay rent, pay school fees, pay several things, take transport up and down so first and foremost the increment from 18 to 28 % will affect us adversely.

“Transport increment means increment in everything because nothing goes without being transported, services and consumables are going to be affected and it is the worker that goes to buy them all,” he argued.

Source: Citifmonline

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