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Oil Marketing Companies in Ghana increase petroleum prices, here’s how much consumers will pay

September 2, 2019 12:19 PM

The prices of various petroleum products in Ghana have started gone up from Monday, September 2, 2019.

Oil Marketing Companies in Ghana increase petroleum prices, here’s how much consumers will pay

The increase comes after the National Petroleum Authority (NPA) directed Oil Marketing Companies (OMCs) to start applying the revised Energy Sector Levies.

The Finance Minister, Ken Ofori-Attah announced the NPA’s directive in the Supplementary Budget he presented recently to the floor of Parliament.

Based on the revision petrol would have a GH¢0.20 adjustment, while Diesel would also attract GH¢0.20 jump in price per litre.

This indicates that the litre of petrol is expected to be sold at around GH¢5.39 for both petrol and diesel and 4.5-litre gallon should be selling at around GH¢24.25.

The increase is as a result of the Road Fund Levy, Energy Debt Recovery Levy, as well as the Price Stabilization and Recovery Levy increased up 20%.