The National Petroleum Authority (NPA) has backtracked on its decision to increase the Fuel Marking Margin (FMM) from 4 pesewas to 9 pesewas.
The NPA had earlier directed all Oil Marketing Companies (OMC) to implement the new rates and apply them in their Price Build-Ups (PBUS) from April 16, 2023.
However, in a recent statement, the regulator has withdrawn the increment, stating that the FMM will remain at 4 pesewas per liter until further notice.
The NPA expressed regrets for any inconvenience caused by the earlier directive.
This reversal by the NPA comes as a relief to many Ghanaians, as an increase in the FMM would have led to an upward adjustment of fuel prices at the pumps.
The post NPA reverses decision to increase Fuel Marking Margin, maintains 4 pesewas per litre appeared first on Citinewsroom - Comprehensive News in Ghana.
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