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Tag Archives: Petrol

Foodstuff prices to stay high despite drop in fuel prices – Esoko


Esoko Ghana has dispelled any possibility of a drop in food prices following the reduction in the prices of petroleum products. Prices of petroleum products were reduced in the second week in June with a second prediction of a two percent drop. Prior to this, statistics released by Esoko showed that prices went up as much as 7 percent for some ...

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Consumers demand disclosure on petroleum price stabilization levy


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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Consumers seek NPA intervention as fuel prices rise

Executive Secretary for the Chamber of Petroleum Consumers, Duncan Amoah

Citi Business News has gathered that prices of fuel have gone up at some pumps effective Tuesday, January 16, 2017. This follows an earlier prediction by the Institute of Energy Security (IES) that prices will go up by between 3 and 5 percent. According to the IES, the development can be attributed to the increase in crude oil prices, the ...

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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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Fuel prices hit all-year-high [Infographic]


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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Illegal fuel importers cost GH¢850m loss annually – NPA

Hassan Tampuli - CEO, NPA

The National Petroleum Authority (NPA) has disclosed that Ghana loses about 850 million cedis annually in taxes, due to the increased activities of fuel smugglers into and out of the country. The illegal act is said to involve operators who ply their business at the ports by fuelling tanks with fuel products brought into the country via unapproved routes. The ...

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IES predicts fuel shortage within two weeks

fuel scarce

The Institute of Energy Security (IES) wants the National Petroleum Authority (NPA) to be swift in averting what it describes as an imminent fuel shortage in the next two weeks. The development follows the low levels of fuel stocks by the Tema Oil Refinery and the Bulk Oil Storage and Transportation (BOST). The Institute also explains that the shortfall has ...

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Taxi drivers increase fares by 20 percent


Some commercial drivers have already begun adjusting their fares following the increase in fuel prices in the first pricing window in January. Checks by Citi Business News with some floating taxi drivers in the nation’s capital reveal that fares have been increased by about 20 percent. “For those of us floating drivers, we are at the mercy of the customers; ...

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Citi Business News