{"id":1240965,"date":"2022-11-01T16:43:35","date_gmt":"2022-11-01T16:43:35","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/11\/01\/omcs-allowed-to-increase-prices-to-avert-shortage-of-fuel\/"},"modified":"2022-11-01T16:43:35","modified_gmt":"2022-11-01T16:43:35","slug":"omcs-allowed-to-increase-prices-to-avert-shortage-of-fuel","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/11\/01\/omcs-allowed-to-increase-prices-to-avert-shortage-of-fuel\/","title":{"rendered":"OMCs allowed to increase prices to avert shortage of fuel"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The National Petroleum Authority has explained that Oil Marketing Companies (OMCs) have been given room to continually increase prices at the pumps in order to avert a shortage of petroleum products.<\/p>\n<p>Petrol is currently selling at a minimum of 17 cedis while diesel sells at a minimum of 22 cedis for the first pricing window of November.<\/p>\n<p>However, some oil marketing companies adjusted their prices even before the pricing window.<\/p>\n<p>In an interview with <strong>Citi News<\/strong>, the Director of Communications at the NPA, Mohammed Abdul-Kudus, indicated that the oil marketing companies were left with no options following the constant depreciation of the Ghana Cedi.<\/p>\n<p>\u201cGiven the fact that the products are actually bought from the world market in dollars, anytime the dollar changes, it affects the character of the pricing. \u201d<\/p>\n<p>\u201cYes, we ought to have been operating with the two weeks window framework, but because of the volatility of the cedi against the dollar, and the fact that you ought to be a little flexible with what will be established with the windows within which the prices are supposed to be varied.\u201d<\/p>\n<p><div class=\"youtube-embed\" data-video_id=\"uhzqBSoa6hs\"><iframe loading=\"lazy\" title=\"HIke in fuel prices: Some farmers in Northern Region bemoan impact on activities\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/uhzqBSoa6hs?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The National Petroleum Authority has explained that Oil Marketing Companies (OMCs) have been given room to continually increase prices at the pumps in order to avert a shortage of petroleum products. Petrol is currently selling at a minimum of 17 cedis while diesel sells at a minimum of 22 cedis for the first pricing window [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1098499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[187],"tags":[],"class_list":["post-1240965","post","type-post","status-publish","format-standard","has-post-thumbnail","category-politics"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1240965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1240965"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1240965\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1240965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1240965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1240965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}