Currently, the PSRL is 16 pesewas per litre on petrol, 14 pesewas per litre (GHp14/Lt) on diesel, and 14 pesewas per kilogram (GHp14/Kg) on LPG.
Read the NPA's statement below:
Prices of crude oil and refined petroleum products saw sharp increases on the world market due to a rise in demand for oil globally without a corresponding increase in supply, prompting this intervention in November 2021.
In Ghana, the world market prices led to petrol, for example, reaching as high as GH¢6.8 per litre at the time.
Meanwhile, the Institute for Energy Security has revealed that petrol and diesel may sell at GH¢7 per liter each for the first time from Sunday, January 16, 2022.
According to the energy think tank, prices of fuel at local pumps saw a 3 percent increase in petroleum products with prices per litre rising from GH¢6.50 pesewas to GH¢6.70 pesewas in 2021.