NPA reviewing calls to cushion consumers amid petrol price hikes – Edudzi Tameklo
The National Petroleum Authority (NPA) says it is reviewing calls for government to extend its GH¢2 per litre subsidy on diesel to petrol consumers.
The National Petroleum Authority (NPA) is currently evaluating the calls for an extension of the GH¢2 per litre diesel subsidy to include petrol consumers, according to CEO Edudzi Tameklo. Tameklo made the announcement in an interview with Joy FM’s Midday News on Wednesday, September 16. The Authority is examining various options to determine if extending the subsidy to petrol is feasible amid the rising global petroleum prices.
The government has already allocated over GH¢1 billion to help ease the burden on consumers due to the surge in petroleum product prices. Currently, the subsidy on diesel stands at GH¢2 per litre. As of Wednesday, the price of petrol has risen from GH¢15.17 to GH¢16.77 per litre, marking an increase of more than 6%. Diesel price has also increased from GH¢16.97 to GH¢17.77 per litre, reflecting a 4.71% rise.
Additionally, Tameklo mentioned that discussions are ongoing regarding the removal of the GH¢1 levy on both petrol and diesel. The government is considering this matter, with the Finance Minister expected to make an announcement on the course of action.
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- NPA reviewing calls to cushion petrol prices – Edudzi Tameklo myjoyonline.com
