Zeroing of Price Stabilisation and Recovery Levies to begin in November – NPA
The zeroing of Price Stabilisation and Recovery Levies (PSRL) is set to commence on November 1.
According to the National Petroleum Authority, this follows directives from the Finance Ministry to zero the Price Stabilisation and Recovery Levies (PSRL) for two months in the next pricing window.
The Authority has also been directed to continue the payment of subsidies on Premix Fuel and Residual Fuel Oil (RFO) from the excess funds of the Price Stabilisation and Recovery Account within the period in which the PSLRs are zeroed.
This is in fulfillment of the President’s directives after consultation with the NPA and Finance Ministry concerning steps to mitigate the rising cost of fuel due to rising global prices.
“Pursuant to the directives of the President, the Ministry of Finance has by letter dated 21st October 2021 instructed the NPA to implement the directives at the next Pricing Window which commences on 1st November 2021,” the NPA stated.
Latest Posts
CANCHAM In-house Presentation_ Xmas Edition
November 06, 2022
Launching of new Products & Services by Riepco Limited
November 06, 2022
CANCHAM Secretariat pays courtesy call to its members
October 04, 2022
CANCHAM CEO’s Connect 2022 Edition
September 08, 2022
The new Senior Trade Commissioner paid a courtesy call to the CANCHAM Secretariat
September 08, 2022
Cancham Father’s Day Celebration
July 08, 2022
July 08, 2022
Hollard, Melcom extends partnership to improve insurance accessibility
June 01, 2022
Adom Group unveils Abeiku Santana as brand ambassador
May 31, 2022
Canada-Ghana Chamber engages Graphic on collaboration
February 28, 2022
CANCHAM Secretariat pays a courtesy call to Business & Financial Times
February 28, 2022
CANCHAM to help mining sector with Canadian Solutions
February 28, 2022
Allianz Life Ghana awards sales teams for sterling performance
February 28, 2022
AfCFTA: Adopt simpler rules of origin to enhance trade flow – World Bank
February 28, 2022
Crude Oil rises above $100 per barrel for first time since 2014
February 28, 2022
Japan Motors unveils all-new Nissan Navara Pickup
October 29, 2021
International capital market debt constitutes 46% of Ghana’s external debt
October 29, 2021
Cost of borrowing on bond market inches-up
October 29, 2021
Zeroing of Price Stabilisation and Recovery Levies to begin in November – NPA
October 29, 2021
Strong homegrown policies aided economy’s recovery – Addison
October 29, 2021
