NPA to restore the Price Stabilization and Recovery Levies on Petrol, Diesel and LPG effective February 1, 2022.

Effective February 1, 2022, the National Petroleum Authority (NPA) will reinstate the Price Stabilization and Recovery Levies (PSRL) on gasoline, diesel, and liquefied petroleum gas (LPG) products.

The National Petroleum Authority (NPA) were asked by the President of Ghana to extend the elimination of the Price Stabilization and Recovery Levies on petrol, diesel, and LPG until the end of January.

A statement released by the NPA announced; “We hereby wish to inform all Oil Marketing Companies and LPG Marketing Companies that effective 1st February 2022, the PSRLs on petrol, diesel and LPG have been fully restored.”

According to the NPA, the removal of the levy will negatively affect the payment of subsidies to the suppliers of Premix Fuel and Residual Fuel Oil.

All OMCs and LPGMCs are to take note of the above and apply them in their PBU accordingly,” the statement added.

The PSRL for petrol has been returned to 16 pesewas per litre, 14 pesewas per litre for diesel, and 14 pesewas per kilogram for LPG.

Read the statement below;

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