Fuel prices go up: Petrol 3%, diesel 2%, LPG 3%

The National Petroleum Authority (NPA) has made an upward adjustment on prices of some petroleum products effective June 1.

Both Petrol and diesel from tomorrow will be selling at GH¢9.50 per gallon.

A statement from the National Petroleum Authority says this is in line with Government of Ghana’s policy directive to achieve full pass-through petroleum products.

The current ex-pump price of petrol (premium) 204.96 pesewas per litre has been adjusted to 211.11 pesewas per litre or GH¢9.50 per gallon representing 3 per cent increment.

The price of diesel (gas oil) would move from 206.83 pesewas per litre to 211.11 pesewas per litre or GH¢9.50 per gallon making a difference of 2 per cent.

Liquefied Petroleum Gas (LPG) has also been increased by 3 per cent. The current price is 194.85 pesewas per kilogram but will sell at 200.00 pesewas per kilogram or GH¢25.00 for 12.5Kg Cylinder from June 1. 25.00

However prices of products such as kerosene, residual fuel (RFO), unified and marine gas (MGO Local), remained unchanged.

The National Petroleum Authority reiterated that the current adjustment, which it described as a review of the maximum prices of petroleum products, would mean the government has completely removed subsidies on petrol, diesel and LPG.

“With the marginal reduction of international petroleum products prices since the last price adjustment on 17th February 2013, this adjustment completely removes the subsidies on petrol, diesel and LPG, which remained after the last price adjustment, without any significant increase in pump prices.”