The National Petroleum Authority is promising diesel will stay below GH\u00a220 a litre in this month\u2019s first pricing window \u2014 stepping in to head off a projected jump that would have pushed costs near GH\u00a222.<\/p>\n\n\n\n
The relief hinges on two moves: a temporary freeze on the GH\u00a21-per-litre D-Levy on diesel, plus commitments from Sentuo Oil Refinery and Tema Oil Refinery (TOR) to hold their supply prices steady for bulk distributors.<\/p>\n\n\n\n
The package was confirmed by the NPA after an emergency meeting between government and fuel sector stakeholders yesterday, October 1. It\u2019s important to note: the below-GH\u00a220 figure is the authority\u2019s targeted expectation, not a guaranteed fixed price at every pump across the country.<\/p>\n\n\n\n
Sharp rise was forecast<\/strong><\/p>\n\n\n\n Before this deal, the Chamber of Petroleum Consumers (COPEC) had warned average diesel costs could surge from GH\u00a218.24 to GH\u00a222.42 \u2014 a 22.91% leap. COPEC pinned the forecast on climbing global crude prices and a slight weakening of the cedi against the US dollar. Petrol was also set to go up, though by a smaller margin. Those numbers were projections, not confirmed retail rates.<\/p>\n\n\n\n Refineries hold line; levy paused<\/strong><\/p>\n\n\n\n Under the agreement, both Sentuo and TOR will keep charging bulk firms the same rates they did in the last pricing period \u2014 designed to stop bigger increases flowing down to drivers. The government is also suspending the GH\u00a21-per-litre Energy Sector levy, widely known as the D-Levy, for the month. The NPA hasn\u2019t ruled out reinstating the charge later, saying it will review based on market trends \u2014 so the break is temporary, not permanent.<\/p>\n\n\n\n What drivers will actually pay<\/strong><\/p>\n\n\n\n Major oil marketing companies have signalled they\u2019ll likely keep prices close to current levels \u2014 but don\u2019t expect every station to match. NPA\u2019s chief executive told 3News rates could land around GH\u00a220 or GH\u00a220.90 in places, yet the key point: the feared GH\u00a222 level will be avoided. Crucially, this is not a nationwide cap or a single uniform price \u2014 individual outlets still set their own figures.<\/p>\n\n\n\n What it means for your pocket<\/strong><\/p>\n\n\n\n At GH\u00a219.90 a litre, filling up 50 litres costs GH\u00a2995. At the forecast GH\u00a222, that same tank would run to GH\u00a21,100 \u2014 a saving of GH\u00a2105. That\u2019s an illustration of what\u2019s at stake, not a promise that every driver will pay GH\u00a219.90. For transport operators, those pennies per litre add up fast \u2014 but whether fares come down is a separate decision, not part of this deal.<\/p>\n\n\n\n Relief fragile, tied to markets<\/strong><\/p>\n\n\n\n The NPA cautions the help is fragile. Ghana still imports most of its fuel, so what happens on global markets and with the cedi\u2019s exchange rate will decide whether these measures hold. Government will keep monitoring costs and talking to industry \u2014 but the real test comes at the pump: how much you actually pay when you pull up to the bowser is what counts.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" Government has suspended the diesel D-Levy for October while TOR and Sentuo hold supply prices. The NPA expects the measures to limit pump-price increases.<\/p>\n","protected":false},"author":1,"featured_media":1143,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/ghanapunch.com\/index.php?rest_route=\/wp\/v2\/posts\/1142","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ghanapunch.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ghanapunch.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ghanapunch.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ghanapunch.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1142"}],"version-history":[{"count":1,"href":"https:\/\/ghanapunch.com\/index.php?rest_route=\/wp\/v2\/posts\/1142\/revisions"}],"predecessor-version":[{"id":1144,"href":"https:\/\/ghanapunch.com\/index.php?rest_route=\/wp\/v2\/posts\/1142\/revisions\/1144"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ghanapunch.com\/index.php?rest_route=\/wp\/v2\/media\/1143"}],"wp:attachment":[{"href":"https:\/\/ghanapunch.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ghanapunch.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ghanapunch.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}