May 1: Prices of fuel, LPG, food, data and call services shoot up

May 1: Prices of fuel, LPG, food, data and call services shoot up

- Effective May 1, goods and services will be a little more costly

- Industry players link this to the 1 percent Covid-19 recovery levy

- Fuel prices have increased by 47 pesewas per liter

The month of May begins with increments in some goods and services across the country. This is happening because of the 1 percent Covid-19 health levy that government has attached to a wide range of goods and services.

Fuel Prices

May 1: Prices of fuel, LPG, food, data and call services shoot up
May 1: Prices of fuel, LPG, food, data and call services shoot up (Stock Photo)

The first increment is that of fuel prices. This follows a directive from the National Petroleum Authority for the Oil marketing companies to start applying the new taxes on fuel from May 1. In addition to that, the Authority has also increased some levies on the price build up.

This will result in liters going up by some 47 pesewas. The price could be more than what is expected as some marketing firms are also expected to increase the margin by some 3 percent as part two weekly receive.

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Prices of LPG

May 1: Prices of fuel, LPG, food, data and call services shoot up
May 1: Prices of fuel, LPG, food, data and call services shoot up (Stock Photo)

Government has also slapped an 18 pesewas increment on every kilogramme of gas effective May 1. What this means is that you will, for example, pay 4.5 cedis more for a 25kg LPG cylinder.

Already, the Liquefied Petroleum Gas Marketing Companies have opposed the increment. They say it will reduce the rate at which Ghanaians use LPG in their kitchens.

Food prices

The Ghana Importers and Exporters Association is predicting hikes in prices of food and services beginning May 1.

The association links their prediction to the 1 percent Covid-19 Health Recovery Levy which takes effect on Monday, May 1. The association says they will pass on the cost to the consumer.

Cost of talk and data

May 1: Prices of fuel, LPG, food, data and call services shoot up
May 1: Prices of fuel, LPG, food, data and call services shoot up (Stock Photo)
Source: UGC

Telecommunication firms are expected to shoot up prices beginning the first of May. Already, MTN Ghana has sent a notice to its clients about the increase in data and calls services.

Read also

Tema-Aflao road to be expanded from two to six lanes; massive traffic to soon stop

Erratic power supply

May 1: Prices of fuel, LPG, food, data and call services shoot up
May 1: Prices of fuel, LPG, food, data and call services shoot up (Stock Photo)

Meanwhile, Ghanaians in the first week of May are to expect a load shedding timetable effected by the Ghana Grid Company (GRIDCO). According to GRIDCO, this timetable is to give way for power disruptions at works ongoing at Pokuase.

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Source: Yen.com.gh

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