Petrol Price Increased

THE National Petroleum Authority (NPA) has announced a review of the price of premium gasoline (Petrol).The review does not affect the other fuel products - diesel, kerosene and liquefied petroleum gas.Petrol will now sell at ¢9,400 per litre, representing an increase of six percent.John Attafuah, Chief Executive of the NPA, told the Times yesterday that he does not expect any increase in transport fares because the percentage increase in the price of petrol is minimal.

He explained that the review was necessitated by the change in the price of crude oil on the international market which hit 73 dollars last month.He noted that the demand for petrol on the international market had gone up, and that explained why petrol was the only product affected by the change.Meanwhile, the Ghana Road Transport Council has asked its members not to increase transport fares.

A statement signed by its chairman, Kojo Moses, said the council had unanimously decided at a meeting with the NPA on May 24 that if the price increase should affect only petrol and was pegged at six per cent, there would be no increase in transport fares.