Home / NEWS Articles / Gh News / Fuel Prices in Ghana Rise Above 14 Cedis per Litre Following NPA Levy Suspension

Fuel Prices in Ghana Rise Above 14 Cedis per Litre Following NPA Levy Suspension

Fuel prices in Ghana have exceeded 14 Cedis per litre, marking a significant increase for petroleum consumers.

This surge comes after the National Petroleum Authority (NPA) opted to suspend the Price Stabilization and Recovery Levy on petroleum products, resulting in higher costs for consumers.

The NPA’s decision, outlined in a directive dated April 3, 2024, and distributed to stakeholders in the oil marketing and distribution sector, includes the application of additional charges.

These charges amount to 16 pesewas per litre for Petrol, 14 pesewas per litre for Diesel, and 14 pesewas for every kilogram of Liquefied Petroleum Gas (LPG).

THIS IS TRENDING:   [WATCH] Thomas Partey Leads Arsenal Players to Sing a 'Twi Song'

In response to the NPA’s directive, the state-owned Oil Marketing Company, GOIL, has adjusted its prices. As of April 4, 2024, petrol is retailing at GH¢14.15 per litre, while diesel is priced at GH¢14.74 per litre.

The suspension of the Price Stabilization and Recovery Levy, coupled with the additional charges imposed by the NPA, has led to a notable increase in fuel prices across Ghana.

This development is expected to impact consumers who rely on petroleum products for various aspects of their daily lives.

About Juventus Kantaayel

Check Also

Two Female Teachers Die in Tragic Accident on Adukrom-Somanya Road

Two female educators from Yilo Krobo Senior High School have tragically lost their lives in …