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
-
Price of LPG per kilogramme constitutes 22% of taxes – LPG Marketers Association
2 hours -
Nigeria appoint Finidi George as new Super Eagles boss
2 hours -
Elevating Ghana’s creative industry: A blueprint for competing with Nigeria and South Africa
4 hours -
Poor finishing a problem for Asante Kotoko throughout the season – Prosper Ogum
4 hours -
Samini teams up with Francis Osei for ‘Sticks N Locks’ EP
4 hours -
Government should resource record labels – Seven Xavier
4 hours -
I need majority in parliament to successfully complete my term – Akufo-Addo pleads
4 hours -
Next NDC government will not recognise illegal contracts signed by current administration – Sammy Gyamfi
5 hours -
Premier League clubs vote in favour of spending cap plans
5 hours -
Nigeria’s fuel crisis brings businesses to a halt
5 hours -
King Promise impresses fans at sold out show in Singapore
5 hours -
Ejisu by-election to proceed after plaintiff withdraws injunction application
5 hours -
CSOs and NGOs unite to push for priority demands at INC-4
5 hours -
Fuel tanker bursts into flames on Kumasi-Accra highway
5 hours -
Security is tightened ahead of Ejisu by -election
5 hours