Africa Oil Business News

Wed04132016

Last update11:28:10 AM

Ghana: Petrol prices rise, fuel subsidies removed

 

National Petroleum Authority (NPA), has announced that petroleum prices are to be increased from 15 to more than 20 percent. This begins on Monday, July 14

The NPA has said the increment is as a result subsidies which have been removed as well as the increasing world price of crude oil.

As it stands, the current price of  petrol is up by 23,08 to GH¢3.36 a litre. Premix fuel is now GH¢1.57 per litre, increased by 25,6 percent. Kerosene has gone up by 23,27 percent while Liquefied petroleum gas(LPG) is now GH¢3,32 per litre.

Speaking on Citi FM in Ghana, Public Relations Officer of the Authority, Yaro Kasambata, said the government cannot subsidies petroleum prices, thus Ghanaians will have to pay full price.

The shortage  is said to be caused by the inability of government pay their debts to Bulk Oil Distribution Companies (BDCs).

 

 

 

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