ACEP's Comments on the Recent Increase in Fuel Prices in Ghana

Africa Centre for Energy Policy (ACEP) notes the increased public discussion on the recent adjustments of fuel prices at the pump. This paper consolidates all of ACEP’s position on the adjustments since the proposal to increase levies on petroleum products by GHP30 in the national budget. However, a publication from the National Petroleum Authority (NPA) and a signed communication to industry players indicated an increment of GHP47 per litre on petrol and diesel. The initial increment of GHP47 has been revised downwards by GHP8 after public agitation and subsequent stakeholder meeting with the Minister of Energy on 4th May 2021. The communication from NPA indicates the two factors that account for the increase;

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