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Tag Archives: fuel prices

Consumers demand disclosure on petroleum price stabilization levy

FUEL-STATION

Pressure is mounting on government to come clear on the implementation of the price stabilization levy on petroleum products. Industry watchers argue that consumers risk being shortchanged, if the regulators fail to regulate the application of the levy. The comments come in the wake of marginal rise in the prices of petroleum products for the first two weeks (1st to ...

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Fuel prices to rise by 2% in February – IES                                                                             

FUEL-STATION

Prices of fuel may go up by 2 percent in the first pricing window in February, between February 2, 2018 and February 15, 2018. However, a swift intervention from government through the National Petroleum Authority (NPA)’s price stabilization mechanism could keep prices stable. The Institute of Energy Security (IES) which revealed this, further attributes the development to the constant rise ...

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Fuel prices to increase between 3 and 5%

Fuel pump nozzles are pictured at Helios petrol station in Almaty

Prices of fuel are expected to go up by between three and five percent for the second pricing window in January. The second pricing window period spans from Tuesday, January 16, 2018 till the end of the month. According to the Institute of Energy Security (IES), the development can be attributed to the increase in crude oil prices, performance of ...

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OMCs maintain prices for first pricing window in January

FUEL-STATION

Oil Marketing Companies (OMCs) have maintained their prices at the pumps for the first pricing window in January 2018. Checks by Citi Business News at some major oil marketing companies have shown that the prices of fuel were kept unchanged for the period spanning January 1, 2018 to January 15, 2018. A litre each of petrol and diesel is being ...

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Fuel prices to remain unchanged till year end                                                                                 

FUEL-STATION

Fuel prices are expected to remain stable at the pumps for the second pricing window of December. This means that fuel prices will remain unchanged till the end of the year. The Institute of Energy Security (IES) who predicted this attributed the development to a relatively insignificant change in oil prices at the global market. “We are not expecting any ...

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Fuel prices to drop again in October

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Consumers are expected to pay less at the pumps in the second pricing window of October. This is according to the Institute of Energy Security (IES) who have predicted a reduction in fuel prices of up to three percent. Fuel prices since the beginning of this year (2017), have seen marginal increase due to the constant depreciation of the cedi ...

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Fuel prices hit all-year-high [Infographic]

FUEL-STATION

Ghanaians are currently paying more for petrol and diesel few months after enjoying fairly low prices. Current figures from the petroleum industry show that, prices of the two products at the various fuel stations have hit all time high, with petrol selling at an average of GHc4.29 at the pumps, and diesel going for an average of GHc4.23 per litre, ...

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US storms to trigger petroleum price hikes

Executive Secretary for the Chamber of Petroleum Consumers, Duncan Amoah

Current developments in the U.S including Tropical Storm Harvey are likely to push the prices of fuel up in Ghana in the second pricing window. The Institute of Energy Security (IES), has predicted of stable prices in the first pricing window in September. The Institute attributes this to the relative stable prices for finished products on the international market as well ...

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Fuel prices to remain stable in September

FUEL-STATION

Prices of fuel are likely to remain stable in the first pricing window of September this year. This is according to the Institute of Energy Security (IES). The IES attributes this to the relative stable prices of finished products on the international market as well as the suspension of the recently implemented fuel standards. Principal Research Analyst at the IES, ...

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Oil prices to push ex-pump prices up in August – IES   

petrol-station-300x187

Fuel prices for the first window in August 2017 will see a marginal increase of about 2.5%. This is the prediction by the Institute of Energy Security (IES). According to the IES, the increase is due to key indicators such as the marginal increase in crude oil prices. Speaking to Citi Business News, the Principal Research Analyst at the IES, ...

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