Despite the increase, fuel pump prices are still low compared to nations like Benin or Ghana

Despite the increase, fuel pump prices are still low compared to nations like Benin or Ghana – Minister of Trade

Economic governance

Wednesday, 29 August 2018 16:45

Despite the increase, fuel pump prices are still low compared to nations like Benin or Ghana – Minister of Trade

(Togo First) - To calm complaints regarding the recent increase of fuel pump prices, Togo’s minister of trade, Bernadette Legzim-Balouki, explained the decision on Tuesday, on Télévision Togolaise, the country’s public TV channel.

“In Benin, super unleaded costs CFA575, gasoil CFA580, and kerosene CFA590. Prices in Ghana, which produces a little oil, are even more expensive. There, super unleaded costs CFA587, gasoil CFA592 and kerosene CFA533, and we recently learned that prices over there increased even further,” the official declared.

Comparing Togo’s actual prices to those in above-mentioned countries, she added: “Togo which does not produce any oil and imports oil products rather is cheaper than other nations in the region”.

Reassuring populations, she then outlined that though prices were increased, this should not cause cost of transportation in the country to augment as well. Instructions were given to ensure that “no matter how limited State budget gets, public transportation cost is not increased. Cereals control divisions of the ministries of trade and agriculture will make sure there is no impact,” Legzim-Balouki said. The only thing left to do is making sure that the various measures are effective in order for populations not to suffer the hike.

Séna Akoda

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