Ghanaians or consumers of Liquefied Petroleum Gas (LPG) will have to cough up more for the product as there is a 5% upward adjustment from today, March 3, 2022.
The new development is due to the restoration of the Price Stabilisation and Recovery Levy (PSRL) on fuel products.
The restored PSRL is ¢0.16 pesewas per litre on petrol, ¢0.14 per litre on diesel, and ¢0.14 per kilogram on LPG.
Following the restoration of the PSRL, LPG is now ¢9.76 per kilogram, translating to about ¢140 for a 14.5 kg cylinder.
In an interview with Joy News, the vice president of the LPG Marketers Association, Gabriel Kumi, said the latest development is to be blamed on the poor performance of the cedi to the US dollar.
“Once the cost keeps moving up and you have constant taxes and levies, you expect that the price will continue to go up,” he said.
In the first pricing window, the price moved from ¢7.89 to ¢8.12 in December 2021. In the second window of January 2022, it went up to ¢8.22.
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Ghanaians To Pay More As LPG Shoots Up 5% Increase
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