LPG prices increase by 5% from March 3

LPG now selling at GH¢9.76 per kilogram

Cedi depreciation causes spike in goods and serves

NPA restores Price Stabilisation and Recovery Levy on fuel products

Consumers of Liquified Petroleum Gas (LPG) are expected to witness a 5 percent upward adjustment effective March 3, 2022.

This comes after the Price Stabilisation and Recovery Levy on petroleum products was restored by the National Petroleum Authority (NPA) after it was earlier suspended to cushion consumers.

Vice President of the LPG Marketers Association, Gabriel Kumi, reacting to the price adjustment said the Cedi struggles against major trading currencies is also to blame for the increment.

“Once the cost keeps moving up and you have constant taxes and levies, you expect that the price will continue to go up,” Kumi is quoted by Joy Business.

Currently, prices of LPG are now selling at GH¢9.76 per kilogram, translating to about GH¢140 for a 14.5 kg cylinder.

Earlier in the first pricing window for January this year, prices of LPG moved from GH¢7.89 to GH¢8.12 per kilogram in December 2021 while going up to GH¢8.22 per kilogram in the second pricing window of January 2022.

For the second pricing window of February, prices of LPG increased to GH¢8.60 per kilogram and further increased to GH¢9.29 per kilogram in the second pricing window of February 2022.