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Increase In Fuel Prices Strikes Ghana

The Ghana government today announced it has increased the prices on fuel between 15-20%

The new prices take effect Sunday February 17, 2013, according to a statement signed by the Chief Executive of the National Petroleum Authority Alex Mould, reports myjoyonline.com February 16, 2013.

“The maximum indicative price for a litre of petrol will be GH¢2.0496 (GH¢9.22 per gallon) and the maximum indicative prices for a litre of diesel will be GH¢2.0683 will (GH¢9.31 per gallon)” it quoted the statement as saying.

Kerosene will now sell at 104.65 pesewas per litre, a 15% rise while LPG will go for 194.85 pesewas per litre or GH¢24.36 per a 12.5 kg cylinder, according to the report. The LPG price is increased by 50%.

The statement said the new prices are based on the crude oil price of $116 per barrel and an exchange rate of GH¢1.89/USD.

By Ekow Quandzie/ghanabusinessnews.com

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