Advertisement
Desktop970x250
Advertisement
Desktop970x250

Fuel prices to be stable in January if… – NPA

By Laud Nartey
SHARE
2 min read
Fuel prices to be stable in January if… – NPA


Prices of petroleum products in Ghana in the first pricing window of the year 2022, which is January, are expected to be stable with minimal increment, the National Petroleum Authority (NPA), has said.

The authority attributed this to the current 3% increment of crude prices in the World Market.

Currently, the price of crude on the world market is $70 per barrel, which is a reduction of $10 per barrel from $80, on the world market.

This has also reflected on the Ghanaians market as fuel prices have gone down marginally from GHS6.90 to GHS6.60 at some oil marketing companies.

Reacting to the development on 3FM’s Sunrise hosted by Alfred Ocansey on Monday, the Head of Pricing at the NPA,  Abass Ibrahim Tasunti, explained that petroleum price indicators are published on the website of the NPA to allow industry players monitor the prices.

“We have been publishing the petroleum pricing indicators. It gives you an idea of what is happening. It helps to know whether prices are rising or falling”.

Mr. Tasunti noted that “the reductions are as a result of what is happening in the world market. We are still monitoring.

“By 27 of December, we will do the monitoring and that will help us determine the price in January because no one can predict what will happen tomorrow in oil prices”.

He added that “if current reduction trend continues, it means we are not going to see any increment in January”.

“We shall see stability or increase because of the 3% increment in the world market. That is for Goil and the others will also follow”.

By Kweku Antwi-Otoo|editors.3news.com|Ghana

Sign up to The Daily Briefing

Stay informed with the most relevant stories shaping Ghana and the world, every morning and evening.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy.

Share This Article

Laud Nartey is an online editor with current affair team at Media General, operators of TV3 Ghana, 3News.com and more. Email: Laud.Nartey@editors.3news.com

Advertisement
Desktop300x250

Up Next

Advertisement
Desktop970x250