No reduction in fuel following zero price stabilisation & recovery levy

No reduction in fuel following zero price stabilisation & recovery levy

The Association of Oil Marketing Companies (AOMC) has announced that there would not be any effect on fuel prices in the next pricing window.

The Chief Executive of the AOMC, Kwaku Agyemang-Duah in a Press Statement insisted that the two-month removal of the price stabilisation and recovery levy by government would not lead to a reduction at the pump.

This was in response to speculations of a reduction held by the public in the second pricing window which takes effect today, Saturday, October 16, 2021.

The statement stressed that “Price Stabilization and Recovery Levy (PSRL) would take effect only after a formal and written communication from the National Petroleum Authority (NPA) to the Petroleum Downstream Industry, duly signed by the Chief Executive.”

Meanwhile, Friday, October 15 marked the end of the first pricing window in the month of October.