Audio By Carbonatix
Some Oil Marketing Companies have started increasing prices of petroleum products at the pumps in line with the two-week review period.
Market Leader, GOIL is selling a litre of petrol at ₵14.99.
Diesel is currently going for ₵14.80.
Some of the Oil Marketing Companies have attributed the increase to the recent depreciation of the cedi to the dollar.
In addition, some stakeholders have blamed the increase on government’s decision to reinstate the Price Stabilization and Recovery Levy on prices of petroleum products.
The reintroduction of the levy imposed 16 pesewas on petrol and 14 pesewas on diesel.
It is also not clear for now whether the decision of the National Petroleum Authority to set a price floor for fuel has also impacted on the prices at the pumps.
Latest Stories
-
GSA engages high-value shippers on competitive shipping
1 minute -
UN climate talks ‘insensitive’ to continent’s reality, we demand Loss and Damage priority – AGN Chair
4 minutes -
We are doing everything possible to win the World Cup – Kurt Okraku
9 minutes -
President Mahama directed urgent energy security measures amid Middle East tensions – John Jinapor
9 minutes -
GloMeF urges decisive approach to address galamsey
10 minutes -
Sentuo expansion to position Ghana as regional refining hub, says Jinapor
12 minutes -
TOR refining one million barrels of crude oil following operational restart – Energy Minister
14 minutes -
Sentuo Oil Refinery is catalyst for industrial development – Trade Minister
16 minutes -
Amb. Bishop Dr. Samuel Ben Owusu ordains 20 pastors, prophets
21 minutes -
KATH CEO appeals to striking staff to resume work despite suspension
24 minutes -
Ashanti Regional Coordinating Council appeals for end to KATH doctors strike
24 minutes -
Cedi remains under pressure despite BoG’s intervention; one dollar going for GH¢12.40 at forex bureaus
31 minutes -
Richard Lawson on why black people must tell their own stories in digital age
35 minutes -
Violence against nurses threatens healthcare delivery — GNMTA raises alarm after Tema assault
54 minutes -
Men now “topping chart” in fertility issues as sperm quality declines – Urologist warns
57 minutes