{"id":22255,"date":"2011-12-27T16:14:49","date_gmt":"2011-12-27T16:14:49","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/12\/fuel-prices-to-be-increased\/"},"modified":"2011-12-27T16:14:49","modified_gmt":"2011-12-27T16:14:49","slug":"fuel-prices-to-be-increased","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/12\/27\/fuel-prices-to-be-increased\/","title":{"rendered":"Fuel Prices To Be Increased"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.ghanamma.net\/wp-content\/uploads\/2011\/12\/fcd4319269273_841392.jpg\" border=\"1\" class=\"c13\" \/><span>The National Petroleum Authority (NPA) will increase fuel prices in the first week of January 2012, Citi News can confirm.<\/p>\n<p>Speaking to Citi News, the Public Relations Officer of the NPA, Yaro Kasambata, said consumers should expert an increase of between 15 and 20 per cent.<\/p>\n<p>According to a Joy FM report, the NPA has been forced to upwardly adjust the prices hopefully on Wednesday, December 28 because \u201cit is in line with cabinet decision in October to withdraw subsidies on petroleum products from next year. \u201d<\/p>\n<p>However, Kasambata noted that the increment will reflect the current world oil price of US$108 per barrel. The existing fuel prices were arrived at based on the old oil price of US$92 per barrel.<\/p>\n<p>\u201cA year ago, when the prices went up, it was at US$92 per barrel. Before we went on break, it was between US$110 and US$112, so there is almost about US$12 or US$18 difference, since we last increase the fuel prices,\u201d he said.<\/p>\n<p>Kasambata added, \u201cIf you Google the crude oil price today, you\u2019ll get a fair idea of where we stand and then you can go back to the US$92 price we had before; you\u2019ll see the difference. Until the actual figures are out, we are not going to indulge in speculations. \u201d<\/p>\n<p>The announcement could be delayed because stakeholders in the transport sector are yet to be consulted.<\/p>\n<p>The NPA appeal regarding the court ruling that scrapped the ex-differential levy is due to be heard early January and an unsuccessful appeal will mean a further adjustment in the prices of the various petroleum products to reflect the actual cost.<\/p>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p> The National Petroleum Authority (NPA) will increase fuel prices in the first week of January 2012, Citi News can confirm. Speaking to Citi News, the Public Relations Officer of the NPA, Yaro Kasambata, said consumers should expert an increase of between 15 and 20 per cent. According to a Joy FM report, the NPA has been forced to upwardly adjust the prices hopefully on Wednesday, December 28 because \u201cit is in line with cabinet decision in October to withdraw subsidies on petroleum products from next year<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22255","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fuel Prices To Be Increased - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/12\/27\/fuel-prices-to-be-increased\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Fuel Prices To Be Increased - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"The National Petroleum Authority (NPA) will increase fuel prices in the first week of January 2012, Citi News can confirm. Speaking to Citi News, the Public Relations Officer of the NPA, Yaro Kasambata, said consumers should expert an increase of between 15 and 20 per cent. 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Speaking to Citi News, the Public Relations Officer of the NPA, Yaro Kasambata, said consumers should expert an increase of between 15 and 20 per cent. 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