Accra, Ghana
36°C

GSE Feed

Forex Rate

Tag Archives: fuel prices

Fuel prices to reach GH¢4.99 cedis per litre

FUEL-STATION

Consumers should be paying an additional 15 pesewas per litre on fuel they purchase at major fuel pumps from today till the end of this month [July]. This will be the case barring any last minute intervention by the National Petroleum Authority (NPA) to cushion consumers from high prices. The institute of Energy Security (IES) has predicted that fuel prices ...

Read More »

Depreciating cedi to negate fuel price drop – ACEP

Benjamin Boakye - Executive Director of ACEP

The Executive Director of the Africa Centre for Energy Policy (ACEP), Ben Boakye has told Citi Business News petroleum prices at the pumps will not experience any significant drop in the coming weeks, even though crude oil price continues to drop on the international market. According to him, a continuous depreciation of the cedi against the dollar will leave prices at ...

Read More »

Fuel prices to drop again this week

FUEL-STATION

The prices of petroleum products are expected to drop by about 2 percent this week. This is the indication from Citi Business News’ checks with players within the petroleum industry following developments on the global market. This will also be the second time in less than a week that fuel prices have been reduced this month (June). Petrol prices to ...

Read More »

Major OMCs reduce fuel prices

FUEL-STATION

Some major Oil Marketing Companies (OMCs) have reduced their prices by 4 pesewas within the first pricing window of June. The reduction comes after a 3 percent increase in prices of fuel in early part of June. Earlier, checks by Citi Business News showed that a litre each of diesel and petrol were selling for 4 cedis 89 pesewas. But ...

Read More »

Fuel prices go up by 2% in May – IES

Fuel pump nozzles are pictured at Helios petrol station in Almaty

The Institute of Energy Security (IES) has predicted an increase in fuel prices for the first two weeks of May. The Institute tells Citi Business News prices will go up by about 2 percent barring an intervention from the National Petroleum Authority (NPA). “In the first pricing window for May 2018, we are expecting fuel prices to go up by up to 2%. ...

Read More »

Fuel prices increase by 1.5 percent in April

FUEL-STATION

The prices of petroleum products at the pumps have gone up by about 2 percent for the first pricing window this month (April). For the first two weeks of this month, consumers should be prepared to pay more for fuel they purchase at the various retail outlets for the Oil Marketing Companies (OMCs). The first pricing window spans from the ...

Read More »

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 ...

Read More »

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 ...

Read More »

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 ...

Read More »
Citi Business News