The National Petroleum Authority has rescinded its decision to increase fuel margin to 17 pesewas per litre.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
-
Thomas Partey makes first start in 2024 as Arsenal hit Chelsea for 5
28 seconds -
Fatawu Issahaku scores hattrick as Leicester thrash Southampton
33 mins -
I was never interested in fame – Kofi Sarpong
40 mins -
Chinese supermarket in Abuja shut for allegedly barring Nigerians
1 hour -
CPP files injunction to halt Ejisu by-election
1 hour -
GRA clarifies status of resident individuals for tax purposes
2 hours -
Minority criticises Energy Minister for lack of leadership amid ‘dumsor’
2 hours -
Ghana’s cocoa farmers lament low earnings amid high prices
3 hours -
Rainstorm caused power outages in Greater Accra Region – ECG
3 hours -
KODA’s family requests for privacy ‘to mourn and heal’
3 hours -
Dumsor: Lack of sleep affecting workplace productivity
4 hours -
Kofi Adu Domfeh writes: When roads are constructed to kill
4 hours -
CAF Confederation Cup semi-final: We have the advantage – John Antwi
5 hours -
I hope that we’ll find a miracle – Céline Dion details Stiff Person Syndrome diagnosis
5 hours -
Government’s silence on energy crisis demonstrates a lack of leadership – Agyemang-Duah
5 hours