Tag: Price Stabilisation and Recovery Levy
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Suspension of PSRL was an unrealistic way of tackling fuel price hikes – IES
The Institute for Energy Security (IES) has described the suspension of the Price Stabilization and Recovery Levy (PSRL) as an unrealistic strategy for bringing down domestic fuel prices. Prices of fuel have gone up at the pumps across the country because the levy, which is a key component of the fuel price build-up, has been…
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Fuel prices to go up as Price Stabilisation and Recovery levy is restored
Fuel prices at the pumps are expected to go up effective today, February 1, 2022, as the temporary removal of the Price Stabilisation and Recovery Levy (PSRL) by the National Petroleum Authority (NPA) comes to an end. Head of Pricing at the NPA, Abass Ibrahim Tasunti, spoke on the development. “As we speak the levies…
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Gov’t must use revenue raised from Price Stabilisation and Recovery Levy to mitigate hike in fuel prices – Akwaboah
As the price of fuel at the pump continues to rise, a former board chairman of the Association of Oil Marketing Companies, Henry Akwaboah, says the government must begin drawing from the Price Stabilisation and Recovery Levy account to help reduce the impact of the rampant increase on consumers. He said he “thinks that all…