The Institute for Energy Security (IES) is predicting a marginal rise in prices of petroleum products in the early part of 2020.
The IES, however, says the rise could be averted if the NPA applies the price stabilisation recovery levy.
“Taking into consideration the 4.07% increment in prices of Crock oil as well 4.5996 and 5.05% increment in the prices of Gasoil and Gasoline on the international market respectively; the Institute for Energy Security (IES) foresees prices of fuel on the local market potentially increasing marginally despite the cedi recording some marginal gains against the dollar within the period.
“However, the increases could be averted or its impacts minimized if the National Petroleum Authority (NPA) applies the Price Stabilization and Recovery Levy, (PSRL),” a statement by IES said.
- Report suspected cheating at fuel stations promptly – NPA to motorists
- Petrol goes up selling at GH¢15.22 per litre, GH¢14.65 for diesel
- FLASHBACK: Ghana is moving towards fuel sufficiency – NPA
- Fuel prices won’t cross GH¢18 mark – Oil distributors assure consumers
- Strengthen the cedi to curb rising fuel prices - COPEC
- Read all related articles