|
Momodou
Denmark
11732 Posts |
 Posted - 21 Jan 2016 : 10:24:27
|
Why is Gambia not reducing fuel Prices? As world market price continues to plummet
By Kebba Jeffang
Foroyaa: January 20, 2016
No official explanation could be obtained from both the ministries of Fuel Pump Prices Increase finance and economic affairs (MoFEA) and trade, industry, regional integration and employment (MoTIE) when this reporter made efforts to enquire why the fuel pump prices in The Gambia are still highwhile the world market price for a barrel of crude oil is continuously tumbling.
As at now, the pump prices of petrol and diesel (gasoil) at the major filling stations are D58.77 and D56.59 per litre, respectively. In 2014, the prices for petrol and diesel were D58.52 and D55.09 per litre, respectively.
However, the price of crude oil has dropped from $140 per barrel in July 2014 to below $30 per barrel today, thus representing less than a quarter of its value in less than two years.
In neighbouring Senegal, it was recently announced by energy ministry that the pump prices of both petrol and diesel were reduced in the wake of the global reduction of the price of crude oil.
When this reporter visited the said ministries yesterday, Tuesday, January 19, 2016 he was unable to talk to the respective ministers or their principal assistants i.e. the permanent secretaries on the issue.
At the finance ministry, he was told that the finance minister was very busy at the time. Proceeding to the office of the permanent secretary 1, the secretary said he had gone to Kanilai. The minister of trade and permanent secretary were also said to be indisposed.
Foroyaa will continue to enquire from the concerned authorities why Gambia has not reduced the prices of fuel which is the trend some countries.
|
A clear conscience fears no accusation - proverb from Sierra Leone |
|
Why is Gambia not reducing fuel Prices?
