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HomeNewsFuel price hikes: TOR must work again – Titus Glover

Fuel price hikes: TOR must work again – Titus Glover

The Tema Oil Refinery (TOR) must go back to the drawing to find pragmatic measures to arrest the plight in the high fuel prices in the country, Former Member of Parliament for Tema East, Daniel Titus Glover has indicated.

According to him, it will surely add more contributions to finding a lasting solution to the high prices of fuel in the country.

He stated that the decision by the government to look for very cheap fuel on the international market to solve the predicaments of increasing fuel prices in Ghana is good for the Time being.

However, in the long term, he said, TOR should be made to work again.

“TOR must work again. In the president’s first address, he touched on how we can source some cheap refined petroleum products, that is fine in the interim but I want to look at the situation where the refinery can work again because as we speak, the fence that went bad some few months ago has been refurbished and the crude distillation unit is working,” he stressed

President Nana Addo made a pronouncement in his address on Sunday, October 30 that the government was working assiduously to secure reliable and regular sources of affordable petroleum products for the Ghanaian market to reduce the high fuel prices.

Before that, Information Minister Kojo Oppong Nkrumah disclosed that the government has ordered the Energy Ministry and the National Petroleum Authority (NPA) to find reliable and cheaper sources of fuel.

“The deregulated market we have here where BDCs import from big companies on high fees from the refinery wherever and bring them in is contributing to the quickened escalation of fuel prices.

“To arrest it, the Energy Ministry working through NPA and other agencies etc is been tasked to finding reliable, cheaper sources of fuel for the Republic so that the OMCs locally can tap into and hopefully halt that escalation in fuel prices,”he said

By Lawrence Odoom

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