The Ghana government Tuesday announced the removal of subsidy on Residual Fuel Oil (RFO) until further notice.
The move is an interim measure to ease the financial burden on the Price Stabilisation and Recovery Account (PSRA).
A statement issued by the National Petroleum Authority said the directive considered the growing concern about the sustainability of the Account to meet under-recovery payment obligations for Premix Fuel and RFO.
It urged all stakeholders to be guided accordingly.
Source: GNA
The post Ghana government suspends subsidy on residual fuel oil appeared first on Ghana Business News.
Read Full Story
Facebook
Twitter
Pinterest
Instagram
Google+
YouTube
LinkedIn
RSS