Users of Petroleum products have again been spared of an increase in the prices of fuel.
The National Petroleum Authority (NPA) in its latest review of the prices of petroleum products maintained the last rates.
The review takes effect from today.
Petrol is still going for 3cedi 36pesewas per litre, diesel 3 cedis 27 pesewas, kerosene 3 cedis 23 pesewas, premix 1 cedi 57 pesewas while liquefied petroleum gas is at 3cedis 32 pesewas per kilogram.
The last time the prices changed was on July 14 when prices went up.
However subsidies on petroleum products are likely to be cut soon.
This follows talks with the International Monetary Fund (IMF) on the implementation of a program to help solve the country’s current challenges.
The IMF has asserted that government must cut costly and untargeted subsidies on petroleum products among others as part of moves to save the economy.
Government between May and June this year spent about 175million cedis on price subsidies alone.
Government has also announced it will from September 1, 2014 introduce quarterly hedging as a measure to avoid huge debts accumulating from the subsidizing price differentials on petroleum products.
The move is also expected to protect Ghanaians from a price hike during reviews of the prices of petroleum products.
By: Vivian Kai Mensah/citifmonline.com/Ghana