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BusinessGovernment to restore PSRLs on petrol, diesel and LPG effective February 1

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Government to restore PSRLs on petrol, diesel and LPG effective February 1

The National Petroleum Authority (NPA) has indicated its decision to restore the Price Stabilisation and Recovery Levies (PSRL) on petrol, diesel and Liquefied Petroleum Gas (LPG) products effective February 1, 2022.

President Akufo-Addo had directed the National Petroleum Authority to extend the removal of the Price Stabilisation and Recovery Levies on petrol, diesel, and LPG to the end of January.

Following the exhaustion of the grace period, the NPA has restored the PSRLs.

“We hereby wish to inform all Oil Marketing Companies (OMCs) and LPG Marketing Companies (LPGMCs) that effective 1st February, 2022, the PSRLs on petrol, diesel and LPG have been fully restored,” it said in a statement.

Government to restore PSRLs on petrol, diesel and LPG effective February 1

Source: myjoyonline.com

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