Audio By Carbonatix
The Government has directed the National Petroleum Authority to temporarily suspend the implementation of the Price Stabilization and Recovery Levy (PSRL) on petroleum products.
This suspension of the levy charged on petroleum products and LPG is effective from Monday April 1 to June 30, 2024.
This National Petroleum Authority served the suspension notice via a letter to players in the oil marketing and distribution sector. The letter noted that the suspension had been directed by the Finance and Energy ministries.Â
Impact The action could see the price of Petrol reduced by 16 pesewas, Diesel by 14 pesewas and LPG also 14 pesewas per Kilogramme. However, there have been earlier projections of prices of petroleum products going up from April 1, 2024.
The letter announcing the suspension also stated that the action was to cushion consumers from rising global market prices. Â
Latest Stories
-
Gov’t committed to leveraging technology to improve fire safety – Interior Minister
13 minutes -
Mahama won’t appoint more than 60 ministers – Ayariga
17 minutes -
AU inaugurates committee to drive AfCFTA implementation
20 minutes -
CDD lauds Mahama’s administration for exceptional macroeconomic stability
23 minutes -
Ghana calls for greater inclusion of women, youth in West African leadership
26 minutes -
Ghana, Burkina Faso sign seven agreements to deepen security, economic cooperation
31 minutes -
Seized trucks: Government bans land transit of cooking oil
36 minutes -
U.S. Embassy warns Ghanaian travellers against visa overstays during 2026 World Cup
43 minutes -
Deportation of Chagos Islanders blocked by judge
46 minutes -
We’re in talks with Adeleke’s family to resolve Sophia, Davido custody dispute – Dele Momodu
55 minutes -
Rare prison sentences handed to Cameroon soldiers after killing of 21 civilians
1 hour -
CDM declares teacher recruitment crisis a ‘national emergency’
1 hour -
5 bodies of migrants washed ashore in east of Libya’s capital Tripoli, police officer says
1 hour -
Greenland says ‘no thanks’ to Trump US hospital boat
1 hour -
Powerful winter storm slams US northeast as NYC issues travel ban
2 hours