The National Petroleum Authority (NPA) has observed with concern media headlines suggesting that fuel prices have increased by 11% which is false.
A statement released on Tuesday October 18 by the NPA urged the general public to ignore media reports indicating there has been an upward review of fuel prices.
Media reports indicated that fuel prices across the country have been increased to 11 percent by the Chamber of Petroleum Consumers Ghana (COPEC-GH).
A statement from the Chamber of Petroleum Consumers Ghana (COPECGH) said, “Diesel prices have seen an increase of between 8-11% on current ex pump prices while petrol prices have seen between 3-5% across most BDCs and OMCs though the figures are yet to reflect directly at the various pumps.”
The statement dated October 17, 2016 and signed by Duncan Amoah, the Chamber’s Executive Secretary attributed the “current prices to sharp increases on the world market prices as the cedi has been relatively stable over the past two weeks.”