The 17 pesewas per litre increase in fuel margins previously announced by the National Petroleum Authority (NPA) has been reduced to 9 pesewas per litre.
The reduction is expected to take effect from Wednesday May 5, the NPA said in a statement sighted by bibinionline.com.
The statement dated May 4 said;
“At a meeting held at the Ministry of Energy earlier today between the Hon. Minister for Energy and the National Petroleum Authority (NPA), the Association of Oil Marketing Companies (AOMCS), Bulk Oil Storage and Transportation Co Ltd (BOST), the Chamber of Petroleum Consumers (COPEC), the Institute for Energy Policies and Research (INSTEPR), it has been agreed as follows;
“The 17 pesewas per litre increase in fuel margins previously announced by the NPA has been reduced to 9 pesewas per litre effective tomorrow Wednesday 5th May 2021.”
This comes after Ghanaians expressed concerns on social media about the high fuel prices in the country.
The Industrial Relations Officer for the Ghana Private Road Transport Union (GPRTU) in the Greater Accra region, Alhaji Abass Imoro, had served notice that transport fares were going to be increased due to the high fuel prices.
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