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The Association of Oil Marketing Companies (AOMCs) has hinted that fuel prices would continue to increase in the country because the factors that affect petroleum products have not changed.

The Association said the trend around this time in the year continues to increase globally and domestically because factors such as the high dollar rate keep increasing.

The National Petroleum Authority (NPA) announced the removal of the Price Stabilization and Recovery Levies on petrol, diesel and LPG for a period of two months in a bid to stabilise the prices.

In a statement, the NPA assured of reduced prices in pursuant to President Akufo-Addo’s approval for zero Price Stabilization and Recovery Levies following the advice of the NPA to seek government’s intervention to mitigate the impact of rising prices of petroleum products on the world market on consumers.

The directive takes effect from Monday, November 1.


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