Audio By Carbonatix
The marginal reduction in fuel prices announced by government should reflect at the pumps tomorrow, Saturday, 11, 2012.
The reduction announced last Sunday amounts to a 3 percent decrease in fuel prices so that a gallon of petrol for instance will sell at 20 pesewas less.
Joy Business has learnt the National Petroleum Authority has also reviewed the margins for the oil marketing companies.
The cost of the current reduction to government comes to about 7 million cedis for just the next two weeks.
The increase in the margins to the OMCs and the recent foreign exchange losses would however bring the total cost to government to between 15 and 20 million cedis.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Minority leader accuses EOCO of ‘harassment’ in re-arrest of Buffer stock Ex-CEO, wife
3 minutes -
Gbankor Bricks and Tiles funds solar borehole project to boost water access in Paali
11 minutes -
Callistus Mahama warns against early succession talks, urges discipline and focus on governance
18 minutes -
Inherited legal education system not fit for purpose — Ansa-Asare
27 minutes -
FOX Sports seeking a ‘Chief World Cup Watcher’ for $50,000
29 minutes -
Miracles Aboagye urges Linda Ocloo to step down over controversial Northern posting comment
34 minutes -
Outdoor advertisers petition gov’t to halt median sign demolitions
56 minutes -
Roads Ministry to recover US$30 million from Indian contractor JMC over abandoned project
1 hour -
Education Ministry warns against malpractices as 2026 BECE records early offences
1 hour -
Ghana eyes Microsoft deal to drive digital jobs and AI growth
1 hour -
NACOC, Nigeria’s NDLEA sign MoU to strengthen intelligence sharing and joint drug enforcement
2 hours -
PABF condemns Iranian attacks on UAE, calls for restrain and dialogue
2 hours -
Photos: Gabon commissions new Congress Centre
2 hours -
DACF tackles GH¢8bn in unfinished projects nationwide, moves to complete legacy infrastructure
2 hours -
National Chief Imam urges Ghanaian pilgrims to uphold discipline and unity ahead of 2026 Hajj
2 hours