02
Dec
The National Petroleum Authority (NPA) has directed Oil Marketing Companies (OMCs) and other players to increase the Unified Petroleum Price Fund (UPPF) and the Bulk Oil Storage and Transportation (BOST) margins on fuel from, December 1, 2022. A letter from the NPA seen by Joy Business instructed the OMCs to increase the UPPF margin from 36 pesewas to 47 pesewas on every liter of petrol and diesel sold at the pumps. In addition, the UPPF for Kerosine, LPG and Premix fuel have all gone up by 11 pesewas. According to the NPA, the increase is needed to ensure that, freight rates reflect…