Gabby Asare Otchere-Darko says President John Dramani Mahama is “still lurking in the shadows...waiting for another chance to fix things”.

According to him, he misses the opposition National Democratic Congress (NDC) in office because the NDC knows how to fix prices of petroleum products very well.

The increase in petroleum products has generated a lot of conversations on social media where some people argue that the economic hardship under President Nana Addo Dankwa-Addo, the man who had begged to be elected to change things in the country, is very unbearable.

Sharing a photo of cumulative percentage increase in petroleum prices between 2009 to 2020, the president’s cousin wrote:

"First four years under Akufo-Addo our petrol prices went up by 24%. The four years under Mahama petrol prices shot up by 92%.

"The four years under Mills-Mahama was slightly better at 83%.”

"Now, you see why I miss the NDC in office. They know how to fix prices proper,” Gabby Asare Otchere-Darko sarcastically wrote further.

The National Petroleum Authority (NPA) has reduced petroleum price margins by 8 pesewas, from the 17 pesewas increase earlier announced which took effect from Wednesday, 5 May 2021.

At a meeting including the Energy Minister, Dr. Matthew Opoku Prempeh; representatives of the Association of Oil Marketing Companies; the NPA; Bulk Oil Storage and Transportation Company; the Chamber of Petroleum Consumers and the Institute for Energy Policies and Research, it was agreed the announced petroleum price increase should be slashed down to 9 pesewas.

“The 17 pesewas per litre increase in fuel margins previously announced by the NPA has been reduced to 9 pesewas per litre, effective from Wednesday 5 May 2021,” a communique signed by the above parties disclosed.

However, transport fares may still witness some adjustment because of the 9 pesewas increase in fuel margins besides the fortnight review of petroleum prices.

Presently, crude oil is selling at a high price of about US$65 per barrel.