Government extends GH¢2 per litre diesel relief into September pricing window - NPA CEO
Godwin Edudzi Tameklo, Chief Executive Officer of National Petroleum Authority (NPA) has disclosed that government has extended its intervention to absorb GHC2 on every liter of diesel.
National Petroleum Authority (NPA) CEO Godwin Edudzi Tameklo revealed that the government has extended its GHC2 per liter diesel subsidy until the September pricing window. This intervention, initially announced on August 4, was scheduled to last a month but has now been extended. Speaking on TV3's Daily Brief on September 1, Tameklo stated that without the President's directive to offset the pricing impact, diesel would be priced at GHC20 per liter at the pump.
The government's intervention, however, has reduced the price to approximately GHC18 per liter diesel. Tameklo explained that the intervention aims to alleviate the burden on consumers, as fuel prices have surged, particularly due to an increase in the FOB prices. He also mentioned that the decision was based on an impact assessment by the government, which primarily affected diesel prices.
If further assessments indicate the need for similar measures, the intervention could be applied to other petroleum products as well.
Written by urgent.news from 3News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
