The Oil Marketing Companies (OMCs), and the National Petroleum Authority (NPA), have indicated that prices of fuel will be adjusted upwards by at least 7% at the pumps on Saturday, October 16, 2021.
Confirming this was the Communications Manager of the National Petroleum Authority, Mohammed Abdul-Kudus who said the Authority is looking at the next pricing window, which falls on the 16th of October, 2021. The move comes in the wake of the removal of some levies on fuel for 2 months.
Vice President of LPG Marketing Companies Association of Ghana, Gabby Kumi who spoke to GBC News noted that the increase in fuel prices expected from Saturday will be 45 pesewas.
Meanwhile, the Chamber of Petroleum Consumers (COPEC), says the rise in fuel prices at the pumps from Saturday, October 16, is not surprising.
Executive Director of the Chamber of Petroleum Consumers Ghana, Duncan Amoah, said COPEC has always hinted at this increment and it feels vindicated.
According to him, this will not be the end because a lot more increase will be recorded in November 2021.
He asked that a more sustainable strategy be put in place to mitigate the myriad of taxes imposed on fuel.