The Vice President, Alhaji Aliu Mahama, has given an indication of a likely increase in the price of petroleum products.

Speaking to newsmen in Tamale yesterday, he said it is a reality that something has to be done about to the price of petroleum products to reduce the huge debt that has been incurred by the Tema Oil Refinery (TOR).

Alhaji Mahama speaking to the press during his maiden visit as a Vice President to the town, indicate further that Government is working with the Ministry of Mines and Energy to ensure that so much is not off loaded to the consumer when the price is increased.

The Vice President said the previous government should have come out with new prices for petroleum products but because of political expediency, it did not do that.

"With the situation on the ground at the moment, it is a reality that something has to be done about it", Alhaji Mahama stressed.

He therefore, appealed to the people to bear with the government. He said the government would need time to organise and take off.

"A lot is expected from us but we are pleading that we are given a little time to study the whole situation because things are really very bad", he added.