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Fuel consumers in Ghana are expected to pay less for petrol, diesel, and LPG for a period of two months.

This comes after President, Nana Addo Dankwa Akufo-Addo, granted approval to zero the Price Stabilisation and Recovery Levies on the commodities.

Currently, the PSRL is 16 pesewas per liter on petrol, fourteen pesewas per litre (GHp14/Lt) on diesel and fourteen pesewas per kilogram (GHp14/Kg) on LPG.

What this means that all these leveies will be removed for the next two months.

A statement issued by the Authority’s Corporate Affairs Department on October 11, said “The National Petroleum Authority (NPA) wishes to inform the public that His Excellency the President, Nana Addo Dankwa Akufo-Addo, has granted approval to zero the Price Stabilisation and Recovery Levies on petrol, diesel, and LPG for a period of two months.”

The move, according to the statement followed advice from the  NPA for  government’s intervention to mitigate the impact of rising prices of petroleum products on the world market on consumers.

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

“Prices of crude oil and refined petroleum products have seen sharp increases on the world market due to a rise in demand for oil globally without a corresponding increase in supply, particularly from the Organisation of Petroleum Exporting Countries (OPEC) and its allies,” the statement said.

Read the full statement below

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