Prices of Petroleum products set to go up tonight

Prices of Petroleum products is set to go up following the passage of the Energy Sector Levies Bill,2015.

The bill seeks to restructure, renationalise and consolidate energy sector levies to promote the prudent and efficient utilisation of proceeds derived from the levies to facilitate sustainable  long term investments in the energy sector.

Finance Minister Seth Terkper told parliament that the passage of the bill will enhance the availability, regularity and reliability of energy for the future.

But the minority said the price increment will further worsen the plight of the ordinary Ghanaian, who still find it difficult to cope with the present economic situation in the country.

The NPA is expected to announce the new prices of petroleum products by close of the day.