Price of Gas Increased By 5%
Starting today, March 3, 2022, the price of liquefied petroleum gas (LPG) will be adjusted by 5%.
The Price Stabilisation and Recovery Levy (PSRL) on gasoline goods have been reinstated.
The reinstated PSRL for fuel, diesel, and LPG is 0.16 pesewas per litre, 0.14 pesewas per litre, and 0.14 pesewas per kilogram.
Experts have cautioned that the reinstatement of the PSRL, as well as the resulting increase in LPG prices, will further reduce the commodity’s use rate and intensify the plight of regular consumers.
LPG is currently priced at GH¢9.76 per kilogram, or nearly GH¢140 for a 14.5 kilogram cylinder.
The cedi’s dismal performance, according to Gabriel Kumi, vice president of the LPG Marketers Association.
“You anticipate the price to continue to go up whenever the cost keeps increasing up and you have constant taxes and levies,” he says.
The price increased from GH¢7.89 to GH¢8.12 in December 2021 during the first pricing window. It increased to GH¢8.22 in the second window of January 2022.