Fuel Prices Go Up: Petrol 3%, diesel 2%, LPG 3%

The National Petroleum Authority has announced new fuel prices with effect from today, June 1st. A statement issued by the authority yesterday said the ex-pump price for both premium (petrol) and gas oil (diesel) per litter would be GHp 211.11 (GH¢9.50 per gallon). The price of kerosene, however, will remain unchanged at GHp104.65 (GH¢4.71 per gallon). The new prices represent an increase of three per cent for premium and two per cent for gas oil. The current ex-pump price of petrol (premium) 204.96 pesewas per litre, has been adjusted to 211.11 pesewas per litre or GH¢9.50 per gallon representing 3 per cent increment. The price of diesel (gas oil) would move from 206.83 pesewas per litre to 211.11 pesewas per litre or GH¢9.50 per gallon making a difference of 2 per cent. Liquefied Petroleum Gas (LPG) has also been increased by 3 per cent. The current price is 194.85 pesewas per kilogram but will sell at 200.00 pesewas per kilogram or GH¢25.00 for 12.5Kg Cylinder from June 1. 25.00 However prices of products such as kerosene, residual fuel (RFO), unified and marine gas (MGO Local), remained unchanged. The statement said the review was in line with the government’s policy directive to achieve full pass-through petroleum products prices. “With the marginal reduction of international petroleum products prices since the last price adjustment on 17th February 2013, this adjustment completely removes the subsidies on petrol, diesel and LPG, which remained after the last price adjustment, without any significant increase in pump prices,” the NPA statement partly read.