Audio By Carbonatix
Prices of some petroleum products are likely to go up marginally at the pumps, from next Monday, July 1, 2013.
This is because the National Petroleum Authority (NPA) is planning to carry out its bi-monthly review of prices this weekend.
This could see petrol and Liquefied Petroleum Gas (LPG) go up by at least 1 pesewa, while diesel could go down marginally.
The increase might however not be characterized by the usual announcement because, the authority wants to prevent the usual hoarding and queues at the service stations prior to announcements.
Consumers might also be spared any increases if government decides to step in to cushion them from the expected price hikes.
Prices of petroleum products went up marginally in June, after government decided to scrap subsidies on petrol, diesel and LPG.
Meanwhile, the country could also from next month experience serious shortages in petroleum products unless government releases monies owed the bulk distributors.
JOYBUSINESS has learnt the distributors have notified government that they might not be able to import fuel for the next three months because of financial difficulties.
Government's failure to settle some huge debts owed them has made it difficult for them to secure credits from banks to aid import of the products.
The situation if not addressed quickly could affect fuel supplies since majority of the petroleum products on the market are brought in by these distributors.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
The Ghanaian prophet and the mysterious death of his scottish wife Charmain Speirs
12 minutes -
Nearly 400 sentenced in Nigeria for links to militant Islamists
33 minutes -
Ghana’s recovery supported by gold strength despite global oil price pressures – Standard Bank Research
40 minutes -
Kwaku Azar writes: A-G vs OSP
1 hour -
Mfantsipim–Adisadel rivalry built excellence, not division – Sam Jonah
2 hours -
Vice President launches Mfantsipim’s 150 years of shaping Ghana’s greatest mind
2 hours -
I assure Otumfuo, Mahama will join him to commission KNUST Teaching Hospital by end of this year – Haruna Iddrisu
3 hours -
Barcelona dominate derby to extend La Liga lead
3 hours -
Gov’t to roll out free special education for persons with disabilities from July 1 – Education Minister
3 hours -
Importers and Exporters Association declares full support for Publican AI port system
3 hours -
“We used it to test our officiating officials’ readiness” – Bawah Fuseini after CAA Athletics event
3 hours -
Volleyball emerges as Ghana’s fastest rising sport
4 hours -
National Sports Fund needs strong leadership from the top – Administrator David Wuaku
4 hours -
JoySports Exclusive: Steve McLaren in talks with GFA after expressing interest in Black Stars job
4 hours -
Fire guts auto parts warehouse at Bubuashie, one fire officer injured
4 hours