Audio By Carbonatix
The National Petroleum Authority has rescinded its decision to increase fuel margin to 17 pesewas per litre.
In a communique dated May 4, NPA revealed that the prices of fuel per litre would be reduced by 9 pesewas starting from Wednesday, May 5.
“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.”
The reduction of fuel prices comes on the back of several backlashes from some Ghanaians expressing frustration with the new fuel prices.
In the early hours of Tuesday, some major Oil Marketing Companies started adjusting fuel prices upward at the pumps, following the implementation of some taxes and levies introduced in the 2021 National Budget by the National Petroleum Authority.
The move which was greeted with several critics saw the petroleum authority called for a meeting on Wednesday with the Energy Minister and other stakeholders in its quest to seek an intervention to reduce the fuel prices.
With the intervention of the Energy Minister, Matthew Opoku Prempeh the price of fuel at the pump has been reduced.
Latest Stories
-
6,079 promotion cases fully processed and paid – CAGD says amid nationwide teachers’ strike
1 minute -
Teacher unions to meet government Monday over nationwide strike
16 minutes -
Photo story: Republic Bank-JoyNews Habitat Fair clinic wraps up after three days of housing solutions, expert engagement
20 minutes -
National Peace Council urges investment in youth to sustain Ghana’s peace
42 minutes -
Afenyo-Markin urges youth to speak up against injustice
52 minutes -
CAF annuls Edo Queens victory, orders WAFU B final to resume from extra time
1 hour -
Interior Minister urges traditional authorities to enforce anti-bushfire bye-laws
1 hour -
3rd Republic Bank-JoyNews Habitat Fair Clinic ends on a high note after three days of strong patronage
1 hour -
Ten climbers missing after avalanche hits Himalayan base camp
2 hours -
NPP had more permanent fuel relief measures than current GH¢2 diesel cut – Amin Adam
2 hours -
Photos from the 3rd Republic Bank-JoyNews Habitat Fair Clinic
2 hours -
Ethiopia’s army promises restraint amid fears of new civil war
3 hours -
Amin Adam calls for review of fuel taxes as diesel prices remain above GH¢18
3 hours -
World Vision Ghana, Ahafo districts sign MoU for universal WASH coverage
4 hours -
When the gold engine stutters: What Ghana’s Cedi and reserves are telling us about the new economic architecture
4 hours