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Editorial News of Tuesday, 2 November 1999

Source: null

Petrol price to rise again

The Statesman says a month after the latest increase in the prices of petroleum products, another upward review appears to be on the way.

The paper says there are strong indications of serious discussions in government for another increase. Quoting a source close to the Minority Group in Parliament, the Statesman says the intention is to circumvent an "Urgent Motion" currently pending before the Legislature.

The motion is said to be in the names of Mr Albert Kan-Dapaah, Minority Spokesman on Mines and Energy, Mr Ishmael Ashietey, MP for Tema East and Mr Akwasi Dane-Afriyie, MP for Atwima Mponua, all of the Minority Group According to the Statesman, the motion states: "Until a transparent mechanism consistent with international standards for the revision of petroleum prices is instituted and published, the Bulk Oil Storage and Transport (BOST) should not announce any further price increase".