Fuel prices are expected to increase by about 30 per cent within the next 24 hours, sources at the National Petroleum Authority (NPA) said.
The Board of the NPA is said to have held a series of meetings in the past two days to deliberate on the level of increase in the price of petroleum products.
Sources say that a technical committee of the authority had already made recommendations on the expected increase.
Crude Oil prices on the world market have gone beyond the 70 dollar mark over the past two weeks.
According to the source the continued hike in crude oil prices has resulted in the government owing the Oil Marketing Companies (OMCs) over ¢300 billion.
Last week the OMCs called for a review of fuel prices to enable them to meet costs.
Dumsor: Don't rush to demand timetable; the problem may be temporary — Atik Moha...
Space X Starlink’s satellite broadband approved in Ghana — NCA
2024 election will be decided on the grounds of the economy; choice of running m...
Dumsor: We're demanding less; just give us a timetable — Kwesi Pratt to ECG
Do I have to apologise for doing my security work, I won’t – Simon Osei-Mensah r...
All my businesses have collapsed under Akufo-Addo — NDC Central regional chair
Military, Prison Officers clash in Bawku, three injured
GRA-SML contract: MFWA files RTI request demanding KPMG report
Court threatens to call second accused to testify if NDC's Ofosu Ampofo fails to...
Family accuses hospital of medical negligence, extortion in death of 17-year-old...
