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Tag Archives: fuel prices

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   

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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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Fuel prices to drop by 2% in first pricing window in July

FUEL-STATION

Prices of fuel are likely to see further drop in the first pricing window of July by about 2%. This is according to the Institute of Energy Security (IES). The Institute believes indicators such as the relative appreciation of the cedi against the dollar and the general reduction in the global price of crude oil would lead in the reduction. ...

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Fuel prices to drop in 2nd pricing window of May – IES

FUEL-STATION

The Institute of Energy Security (IES) has predicted an average drop of 1.03% percent in fuel prices for the second pricing window. According to IES, current developments across the globe indicate that fuel prices will drop slightly for the next pricing window in May. World Oil Market Indices for Benchmark Brent crude prices have been falling virtually every day for ...

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Cedi depreciation threatens fuel price stability

Ghana Cedi

The Institute of Energy Security (IES) is predicting a further increase in fuel prices in the first pricing window of March due to the constant depreciation of the cedi. The IES says the depreciation of the cedi is already threatening the stability of fuel prices. The Institute also believes the cedi played a part in the increment of the second ...

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No immediate hikes in utility and fuel prices – Ken Ofori Atta

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Consumers are to experience an immediate halt in the increase of utility and fuel prices in the short to medium term in what will be one of the first decisions embarked on by Minister of Finance nominee Ken Ofori Atta. Prices of some petroleum products last week went up by 11 percent for the first pricing window in January, 2017. ...

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