Government reduces fuel margins by eight (8) pesewas

Government has through the National Petroleum Authority (NPA) announced a reduction in fuel margins from 17 pesewas per litre to 9 pesewas.

This was announced in a communique released following a meeting earlier today between the Hon. Minister for Energy, Dr. Matthew Opoku Prempeh, the National Petroleum Authority (NPA), the Association of Oil Marketing Companies (AOMCs), Bulk Oil Storage and Transportation Co Ltd (BOST), the Chamber of Petroleum Consumers (COPEC), and the Institute for Energy Policies and Research (INSTEPR) at the Ministry of Energy in Accra.

The announcement follows a request by the Hon. Minister for a round table discussion to revise certain components on the price build-up.

This takes effect tomorrow 5th May, 2021.