Skip to main content

Fuel prices go up; premix hardest hit

The National Petroleum Authority (NPA) has increased the prices of some products with premix fuel recording the highest increment.

This the Authority said is in line with the government of Ghana's policy directive to achieve full pass-through petroleum products prices.

Premix fuel which was selling at 66.82 GHp/lt increased by 19.94% as the pump price goes up to 80.14 GHp/lt.

A statement issued by the NPA and signed by its Chief Executive, Alex Mould said the review of the maximum indicative prices of petroleum products takes effect from Thursday, August 1, 2013 at 6:00 am.

The Authority explained that since the last adjustment of the pump prices of petroleum products on July 17, 2013, prices of petroleum products have experienced volatility on the international market.

It said the Price of Brent (DTD) crude oil has been increased from USD105.87/bbl to USD109.08/bbl, representing a 3.04% increase.

However, the prices of Petrol (premium) and Diesel (gas oil) remained unchanged "although international prices have gone up 5.6% to 2.1% respectively," the NPA said. The price of Unified was also not affected.

But Kerosene which was sold at 115.03 GHp/lt will now sell at 124.79 GHp/lt indicating an 8.41% increase.

MGO Local will now sell at 196.85 a jump of 11.85% from 176.00.

RFO has also went up from 100.58 to 104.70. LPG recorded a difference of 3.39%; the current price will be 219.55kg from 212.35kg.

The next review date will be on August 16, 2013. MYJOYONLINE

Comments

Popular posts from this blog

PIAC told to go to court to enforce recommendations

By: Fred Yaw Sarpong
sarpong007@gmail.com

The Public Interest and Accountability Committee (PIAC), the mandated body to monitor the use of Ghana’s oil revenues has been asked to go to court to seek strict compliance of the laws covering accountability of oil funds in the country.

According to Dr. Steve Manteaw, the Campaign Coordinator for ISODEC and a member of the PIAC , it’s time for PIAC as a body to consider going to court to compel institutions responsible for managing Ghana’s oil revenue to answers some questions concerning the expenditure of oil funds.

He pointed out that there are several recommendations made by the PIAC in its past reports on management of petroleum revenues, and a lot of these recommendations has received no positive response from the institutions concerned.

He disclosed this to the Daily Express at a three-day workshop on Interrogating the 2016 Semi Annual PIAC Report at Koforidua in the Eastern Region.

The workshop was organized by the Institute of Financ…

BoG shuts down two financial institutions

The Bank of Ghana has closed down two financial institutions in the country. This was after the central bank investigation revealed that the two companies were operating without approval.

The two companies were Agro Development Fund Services Limited (ADFSL) and Hebron Financial Investment Limited (HFIL).

The Daily Express gathered that the ADFSL was asked to stop operating after the central bank realized the institution had not been licensed to take deposit from the public.

A statement from BoG said the ADFSL continued to operate despite the orders from the Bank of Ghana. It however closed down ADFSL’s operation until further notice.

The Bank of Ghana said that the ADFSL is located at Asufufu, opposite the Sunyani Traditional Council in the Brong Ahafo region.

“The decision to close down ADFSL is in furtherance of section 20(2) (g) of the Banks and Specialized Deposit-Taking Institutions Act, 2016 (Act 930). Bank of Ghana has investigated ADFSL thoroughly and has concluded that its a…

Graphic Communication Group staffs petition GJA Election Dispute Adjudication Committee

Some staffs of the Graphic Communications Group have petition the Election Dispute Adjudication Committee of the Ghana Journalists Association (GJA) concerning their grievances covering issues affecting the association.
The staffs of the company seeks some clarification on the mandate of the current executives of the association.

BELOW IS THE FULL STATEMENT (Not edited)
Dear Sir,
DISPUTE ABOUT THE MANDATE OF THE EXECUTIVES OF THE GHANA JOURNALISTS ASSOCIATION AND THE LEGALITY OF THE GJA ELECTIONS OF 2017
We the undersigned write to place before you our grievances covering issues affecting the Ghana Journalist Association, and we hasten to add that our grievances are placed before you in furtherance of our constitutional duty under Article 11 (e) of the 2004 Constitution of the Ghana Journalists Association.
We first of all seek clarification on the mandate of the current executives of the Association to be in office and take decisions to affect the wellbeing and welfare of the Associ…