Prices of various petroleum products have started going up from Monday after the Oil Marketing Companies (OMCs) were directed by the National Petroleum Authority (NPA) to start applying revised Energy Sector Levies.
The NPA’s directive is as announced in the Supplementary Budget presented by the Finance Minister, Ken Ofori-Attah.
Based on the revision petrol would witness a ¢0.20 adjustment, while Diesel would also attract ¢0.20 jump in price per litre.
The increase is as a result of the Road Fund Levy, Energy Debt Recovery Levy, as well as the Price Stabilization and Recovery Levy increased up 20 per cent.
The development would mean that the percentage of levies on various price build up on each product would go up.
This should mean that the litre of petrol is now expected to be sold at around ¢5.39 for both petrol and diesel and 4.5-litre gallon should be selling at around ¢24.25.
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