Home / Oil & Gas / NPA directs 10% reduction on fuel prices

NPA directs 10% reduction on fuel prices

Share this with more people!

FuelThe National Petroleum Authority (NPA) has directed oil marketing companies to reduce fuel prices by 10% effective January 1, 2015.

In a press release issued in Accra December 31, 2014 and signed by Yaro Kasambata, Manager, PR & Consumer Services, the NPA says “Petroleum Prices have been reduced by 10% effective 1st January 2015. We therefore direct Oil Marketing Companies (OMCs) to effect this change at all retail outlets.”

“This decision takes a balance position of continuous effort to reduce outstanding under-recoveries and at the same time reflect falling prices of petroleum product on the world market,” the NPA adds.

By Emmanuel K. Dogbevi

Share this with more people!

Check Also

No need to panic over fuel shortage – Senyo Hosi

There is no need to panic about fuel shortage in the country, Mr Senyo Hosi, …