The Finance Minister Seth Terkper has incurred the wrath of most lawmakers over the imposition of new taxes on petroleum products.

The Minister is being accused of misleading the lawmaking chamber to approve increment in the prices of diesel and petrol.

Members of the finance committee in parliament claim the finance minister assured that increments for diesel won’t go beyond three percent and Petrol by five percent.

But current increments for both diesel and petrol go beyond 20 percent each.

Starr FM’s Parliamentary correspondent, Kobby Gomez Mensah who has been following this new development said some of the MPs are peeved over the development.

Member of the Finance Committee in Parliament Mark Assibey Yeboah said the Ministry must explain to the Law House what led to the outrageous increment.

He added that if it is revealed that the Minister lied to parliament he must be made to face the consequences.

“If he blatantly lied to Parliament, then there should be consequences. I expect the Ministry to be in talks with the NPA now to find out exactly how this new increase came.

“If somebody is being short-changed then I think we have to ask the relevant questions but 27 percent at this time when crude oil prices is declining…I think is asking too much of Ghanaians,” Mr. Assibey Yeboah said.