None
EN
Government Loses GH¢500m In Revenue …To Keep Lorry Fares Low
['Richard Owusu-Akyaw', 'Please Enter Your Name Here']
The Ghanaian Chronicle
However, sources with knowledge of the government’s fiscal projections have told The Chronicle that the month-long intervention could cost the state a whopping GH¢200 million in foregone revenue.
Lower diesel prices generally reduce transportation and production costs, helping to moderate inflation and ease pressure on household budgets.
Sources available to The Chronicle has it that the temporary reduction in the regulatory margin is expected to reduce inflows from fuel-related levies that support road maintenance and financing within the energy sector.
Transport Fare UncertaintyDespite the reduction in diesel prices, uncertainty remains over whether transport operators will suspend their planned fare adjustments.
The recent upward pressure on fuel prices has largely been linked to developments on the international oil market.