Ghana’s downstream petroleum regulator, the National Petroleum Authority (NPA) has directed Oil Marketing Companies (OMCs) to increase the prices of petrol and diesel effective May 1, 2021.

The Government of Ghana introduced Sanitation and Pollution levies of 10 pesewas each on a litre of diesel and petrol and 20 pesewas for Energy Sector Recovery Levy, bringing the total to 30 pesewas in the 2021 Budget and Economic Statement.

The increment is expected to take effect from tomorrow, Saturday, May 1, 2021.

Interestingly, Ghanaians were only made aware of the above taxes. However, a directive issued by the NPA to Oil Marketing Companies has revealed that BOST Margin, Primary Distribution Margin, Fuel Marking Margin and Unified Petroleum Price Fund Margin have all been increased.

BOST Margin has been revised from the current 6 pesewas per litre of diesel and petrol to 12 pesewas, UPPF also saw an increment from 27 pesewas to 30 pesewas, while Fuel Marking Margin levy increased from 3 pesewas to 8 pesewas with Primary Distribution Margin going up from 8 pesewas to 11 pesewas.

UPPF margin on a litre of LPG, which is currently 25 pesewas, had also been increased to 28 pesewas.

Currently, GOIL, which is the leading OMC, sells a litre of diesel and petrol at GHS5.45.

Per the increment above, consumers are expected to pay almost GHS6 per litre of fuel tomorrow.

The NPA, in statement signed by Esther Anku, Chief Inspector on behalf the CEO, directed all OMCs and LPGMCs to take note of the review and apply them in the Price Build-Ups effective tomorrow 1st, May 2021.

Source: www.energynewsafrica.com