Ghana’s average fuel prices from January to November 2021 hits 36.46%

Fuel prices in Ghana
Fuel prices in Ghana

Management of the National Petroleum Authority (NPA) has released its average fuel prices for 2021.

The data available indicates an average fuel prices from 1st January, 2021 to 5th November, 2021.

On the average, fuel price in Ghana from 1st January, 2021 to 5th November, 2021 is 36.46% in nearly eleven (11) months.

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According to the National Petroleum Authority and Selected price of key OMCs, in January 2021, the average fuel price was GH¢4.91. In just eleven (11) months, the average fuel price has shoot up to GH¢6.70 in November 201.

Gov’t reduces price of fuel by 8 pese was

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The table below shows the average fuel prices from January to November 2021.

MONTH AVERAGE PRICE
January GH¢4.91
February GH¢5.02
March GH¢5.48
October GH¢6.64
November GH¢6.70

 

The table below shows the current price of diesel, super and kerosene in Ghana as of November 5, 2021. 

FUEL PRICE
Diesel GH¢6.900
Super GH¢6.900
Kerosene GH¢6.390

 

A BRIEF ABOUT NATIONAL PETROLEUM AUTHORITY

The National Petroleum Authority was established by an Act of Parliament (NPA Act 2005, ACT 691) to regulate the petroleum downstream industry in Ghana.

The National Petroleum Authority (NPA) is a statutory Agency regulating, overseeing and monitoring the petroleum downstream industry in Ghana to ensure efficiency, growth and stakeholder satisfaction. The Objects & Functions of the NPA are:

1. To monitor and regulate petroleum prices in accordance with the prescribed pricing formula.

2. Grant licenses to service providers and marketing companies.

3. Protect Consumers interests and maintain the highest standards of petroleum products offered to them

As a Regulator, the Authority ensures that the industry remains efficient, profitable, fair, and at the same time, ensuring that consumers receive value for money

SOURCE: Coverghana.com.gh

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