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Home/BUSINESS NEWS/Fuel Prices To Go Down As Government Removes Price Stabilisation And Recovery Levies

Fuel Prices To Go Down As Government Removes Price Stabilisation And Recovery Levies

admin@myghanamedia October 11, 2021 BUSINESS NEWS 1,199 Views

President Akufo-Addo has granted approval for the removal of the Price stabilisation and Recovery levies on petrol, diesel and LPG for two months, the National Petroleum Authority (NPA) has said.

The approval follows the advice of the NPA to the Minister of Energy to seek the government’s intervention to mitigate the impact of rising prices of petroleum products on the world market on consumers.

A statement by the NPA Monday said “The purpose of the Price Stabilisation and Recovery Levy (PSRL) is to stabilise prices for consumers and pay for the subsidies on Premix Fuel and Residual Fuel Oil (RFO). 

“At this time it is important that the PSRL which is currently 16 pesewas per litre (GHp16/Lt) on petrol, 14 pesewas per litre (GHp14/Lt) on diesel, and 14 pesewas per kilogram (GHp14/Kg) on LPG are zeroed to cushion consumers.”

 

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Source: Asaaseradio.com

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Disclaimer: MyGhanaMedia is not responsible for this report and its content.There are four types of content published on MyGhanaMedia daily: curated content; syndicated content; user-generated content; and original content.

 

 

 

 

 

 

 

 

 

 


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