Petrol and diesel prices have gone up in the Republic of Ghana following a directive by the West African nation’s downstream petroleum regulator, National Petroleum Authority (NPA), to Oil Marketing Companies (OMCs).

As at April 30, a litre of petrol and diesel was sold at GHS5.45 respectively.

The NPA, on Friday, directed OMCs to revise the prices of petroleum products due to the passing of the Amended Energy Sector Levies Act (ESLA).

The review of the ESLA saw the introduction of Sanitation and Pollution levies of 10 pesewas each on a litre of petrol and diesel and 20 pesewas Energy Sector Recovery Levy on diesel and petrol.

The NPA’s directive also revealed that BOST Margin, Primary Distribution Margin, Fuel Marking Margin and Unified Petroleum Price Fund Margin have all been increased.

BOST Margin was revised from the current 6 pesewas per litre of diesel and petrol to 12 pesewas.

Unified Petroleum Price Fund 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.

Following these increments, the Association of Oil Marketing Companies (AOMC), on Friday, sent a news letter to its members asking them to adjust prices to reflect the above changes.

Per the AOMC’s calculation, Premium Spirit (petrol) will sell at GHS6.36 maximum while AGO (diesel) will sell at GHS6.11 maximum.

A litre of LPG will also sell at GHS6.18

Source: www.energynewsafrica.com

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