Ghana says not to support military intervention in Cote d'Ivoire (3)

10:00, January 08, 2011      

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"We are also unable to reduce the prices now because at the beginning of 2009 (when he came to power), we met 1.488 billion Cedis (1.1 billion US dollars) debt at the Tema Oil Refinery and apart from that prices of crude oil in the last 14 months have gone up phenomenally", he said.

The Tema Oil Refinery is the only oil plant in the country, using crude oil imported from other countries.

The National Petroleum Authority (NPA), for the first time in 14 months, announced a 25 percent to 30 percent increase in diesel and petrol prices on Monday.

Source: Xinhua
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