Diesel price to remain below GH¢20 per litre in October after government intervention – NPA
The National Petroleum Authority (NPA) says diesel prices will remain below GH¢20 per litre in the first pricing window of October, following government interventions to cushion consumers against rising international fuel prices.
The National Petroleum Authority (NPA) has announced that diesel prices will stay below GH¢20 per litre in the first pricing window of October, as a result of government interventions. According to NPA Chief Executive Officer, Godwin Edudzi Tamakloe, without these interventions, diesel prices were expected to surge to around GH¢22 per litre.
Mr Tamakloe revealed that the government has agreed to maintain the prices at which Sentuo Oil Refinery and Tema Oil Refinery (TOR) sell petroleum products to Bulk Distribution Companies (BDCs) at the previous pricing window levels. In addition, the GH¢1 Energy Sector Levy, commonly known as the D-Levy, on diesel has been suspended for October.
These combined measures aim to prevent a significant rise in diesel prices at the pumps. The Finance Minister agreed to suspend the levy for October, but it could be reinstated depending on market developments. These steps are set to come into effect with the opening of the first pricing window for October as the government strives to mitigate the effects of rising global fuel prices on consumers.
Written by urgent.news from MyJoyOnline Ghana's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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