On Saturday, October 16, 2021, fuel prices at various pump stations across the country are expected to rise.
The costs are expected to be revised upwards by about 7%.
The upward review in petroleum prices was made known by the National Petroleum Authority (NPA) and the Association of Oil Marketing Companies (AOMC).
We are just about ending the first and current price window on October 15 and start the second on the 16th and that is when the adjustment will take place and reflect in fuel prices,” said CEO of the AOMC, Kwaku Agyemang Duah.
The predicted increase in fuel prices comes just days after President Akufo-Addo ordered the Price Stabilisation and Recovery Levy to be suspended (PSRL). The PSRL for a litre of gasoline and diesel is currently 16 pesewas and 14 pesewas, respectively. It is 14 pesewas per kilogram of liquefied petroleum gas (LPG).
The second pricing window's upward adjustment in fuel prices is projected to result in a higher cost of living for Ghanaians.
Ghanaians are suffering under Akufo-administration.
Addo's Meanwhile, former President John Dramani Mahama has claimed that the country's people are suffering as a result of the Akufo-Addo administration's difficult times. Food and other key goods, according to Mahama, continue to rise in price on a regular basis.
He went on to say that the price of gasoline at the pump continues to rise, affecting the pricing of items on the market.
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