The Government has directed the National Petroleum Authority to temporarily suspend the implementation of the Price Stabilization and Recovery Levy (PSRL) on petroleum products.
This suspension of the levy charged on petroleum products and LPG is effective from Monday April 1 to June 30, 2024.
This National Petroleum Authority served the suspension notice via a letter to players in the oil marketing and distribution sector. The letter noted that the suspension had been directed by the Finance and Energy ministries.
Impact The action could see the price of Petrol reduced by 16 pesewas, Diesel by 14 pesewas and LPG also 14 pesewas per Kilogramme. However, there have been earlier projections of prices of petroleum products going up from April 1, 2024.
The letter announcing the suspension also stated that the action was to cushion consumers from rising global market prices.
Latest Stories
-
NPP will ensure a safer cleaner and greener environment – Dr Kokofu
3 mins -
2024 Election: Police to deal with individuals who will cause trouble – IGP
4 mins -
Seychelles President’s visit rekindles historical and diplomatic ties with Ghana
10 mins -
Election 2024: EC destroys defective ballot papers for Ahafo and Volta regions
20 mins -
2024 Election: I am sad EC disqualified me, but I endorse CPP’s candidate – PNP’s Nabla
47 mins -
I want to build a modern, inclusive country anchored by systems and data – Bawumia to CSOs
48 mins -
Miss Health Ghana 2024: Kujori Esther Cachana crowned new Health Ambassador
56 mins -
Livestream: The manifesto debate on WASH and climate change
1 hour -
Alan Kyerematen saddened by NDC and NPP’s neglect of Krofrom Market in the Ashanti Region
1 hour -
CSIR Executive Director urges farmers to adopt technology for improved farming
1 hour -
Football Impact Africa’s Ghetto Love Initiative inspires change in Teshie
2 hours -
Peter Toobu calls for tighter border security over uncovered weapons at Tema Port
2 hours -
Gov’t has failed its commitment to IPPs – Ablakwa
2 hours -
Sell Chrome to end search monopoly, Google told
2 hours -
KATH to install seven new dialysis machines by end of November
2 hours