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Diesel relief not funded from power sector resources – Energy Ministry
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MyJoyOnline
Public Relations Officer of the Ministry of Energy and Green Transition, Richmond RocksonThe Ministry of Energy and Green Transition has dismissed claims that the government's decision to reduce the regulatory margin on diesel by GH¢2.00 per litre will be financed with funds meant for the power sector.
The Ministry said the temporary measure will not affect electricity financing, insisting that the intervention is being funded through adjustments to petroleum-related margins, levies and taxes rather than resources allocated to the energy sector.
The clarification follows concerns raised after President John Dramani Mahama approved a one-month reduction in the regulatory margin on diesel to cushion consumers against rising fuel prices.
Government has maintained that the initiative is a temporary relief package and will not undermine ongoing efforts to finance electricity generation and other power sector obligations.
Speaking on Citi FM on Monday, August 3, the Ministry's spokesperson, Richmond Rockson, rejected suggestions that the diesel intervention would create a funding gap for the power sector.