NPA rescinds decision to raise FMM from 4 pesewas to 9 pesewas

This reversal by the NPA comes as a relief to many Ghanaians, as an increase in the FMM would have led to an upward hike in fuel prices at the pumps.

Oil Marketing Companies (OMC) were earlier directed by the NPA to from April 16, 2023, implement the new rates and apply them in their Price Build-Ups (PBUS) 

In a reversal statement, the regulator has withdrawn the increment, stating that the FMM will remain at 4 pesewas per liter until further notice.