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Business News of Monday, 8 August 2005

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Petrol price goes up again

Premium, diesel prices go up, kerosene, LPG down
Accra, Aug. 8, GNA - The National Petroleum Authority (NPA) on Monday announced increases in the ex-pump prices of premium and diesel, but reduced the prices of kerosene and LPG.

Professor Ivan Addae-Mensah, Chairman of the NPA, said premium petrol would now sell at 6,777.78 cedis per litre from 6,666.66 cedis or 30,500 cedis per gallon from 30,000 cedis, an increase of 1.67 per cent.

Diesel is up by 3.41 per cent from 5,866.66 cedis a litre from 6,066.67 cedis or 27,300 cedis a gallon from 26,400 cedis.

Kerosene goes down by 8.33 per cent from 5,333.33 cedis a litre from 4,888.89 cedis or from 24,000 cedis a gallon to 22,000 cedis.

LPG is also down by 9.26 per cent from 5,700 cedis a kilogram to 5,172.41 cedis. The 14.5 kilogram bottle will now sell at 75,000 cedis from 82,650 cedis.

The NPA said prices would be reviewed every three months.