No Result
View All Result
Thursday, March 23, 2023
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Ghana Best Cocoa Farmers Association lauds COCOBOD boss

    Consider cocoa pricing in your legislation – COCOBOD CEO to EU

    Fitch upgrades Ghana’s Long-term local-currency IDR from ‘RD’ to ‘CCC

    Producer Price Inflation drops to 50.8% in February 2023

    Growth and Sustainability Levy will stifle growth of local oil service companies – Upstream Petroleum Chamber

    Peasant farmers reiterate calls for construction of Pwalugu Multi-Purpose Dam

    ECG disconnects GRA, KFC, Ho Airport others from power grid

    GRA monitoring team retrieves over GHC85m revenue shortfall

    Finance Minister leaves for China for debt negotiations

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Industry experts convene to discuss diversification strategies for pension funds

    It’s time to give women top posts in multilateral institutions – GCBL Chairman 

    Global Chamber of business leaders enters into partnership with IEFS

    Gold for Oil policy will save Ghana $4.8bn annually – Veep

    Energy Minister scheduled to speak on Ghana’s near-term opportunities at NAEPEC 2023

    Standard Chartered appoints Ebenezer Twum Asante as Chairman of Board of Directors

    Abena Amoah named in WFE’s top 20 women leaders

    International Women’s Day: Female engineering students tour Karpowership

    BoG directs banks to submit prudential reports on sex-disaggregated basis

  • TECHNOLOGY

    Cyber Security Authority commences licensing and accreditation regime

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Ghana withdraws $672m back-tax demand from MTN Group

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

    5 important things to know about the African Continental Free Trade Area agreement

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

  • FEATURES
  • Videos
Citi Business News
  • Home
  • News
    • All
    • Agriculture
    • Economy
    • General
    • Government
    • Local Economy
    • Top Stories

    Ghana Best Cocoa Farmers Association lauds COCOBOD boss

    Consider cocoa pricing in your legislation – COCOBOD CEO to EU

    Fitch upgrades Ghana’s Long-term local-currency IDR from ‘RD’ to ‘CCC

    Producer Price Inflation drops to 50.8% in February 2023

    Growth and Sustainability Levy will stifle growth of local oil service companies – Upstream Petroleum Chamber

    Peasant farmers reiterate calls for construction of Pwalugu Multi-Purpose Dam

    ECG disconnects GRA, KFC, Ho Airport others from power grid

    GRA monitoring team retrieves over GHC85m revenue shortfall

    Finance Minister leaves for China for debt negotiations

  • Business
    • All
    • Agribusiness
    • Banking And Finance
    • Manufacturing
    • Markets
    • Mining
    • Oil And Gas
    • Real Estate
    • Tourism
    • Transport

    Industry experts convene to discuss diversification strategies for pension funds

    It’s time to give women top posts in multilateral institutions – GCBL Chairman 

    Global Chamber of business leaders enters into partnership with IEFS

    Gold for Oil policy will save Ghana $4.8bn annually – Veep

    Energy Minister scheduled to speak on Ghana’s near-term opportunities at NAEPEC 2023

    Standard Chartered appoints Ebenezer Twum Asante as Chairman of Board of Directors

    Abena Amoah named in WFE’s top 20 women leaders

    International Women’s Day: Female engineering students tour Karpowership

    BoG directs banks to submit prudential reports on sex-disaggregated basis

  • TECHNOLOGY

    Cyber Security Authority commences licensing and accreditation regime

    Twitter is reportedly planning to charge businesses $1,000 per month to keep gold verified checks

    Ghana withdraws $672m back-tax demand from MTN Group

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

  • INTERNATIONAL
    • All
    • Africa
    • Asia
    • Europe
    • Middle East
    • US

    Silicon Valley Bank crisis: What led to stock crash, what lies ahead?

    Medical devices market projected to expand by $ 7.1 billion by close of year

    African Union adopts Africa Prosperity Dialogues AfCFTA action plan

    Third World Network Africa urges Africans to be strategic about AfCFTA

    5 important things to know about the African Continental Free Trade Area agreement

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

  • FEATURES
  • Videos
No Result
View All Result
Citi Business News
No Result
View All Result

Petroleum prices likely to increase again this week – Petroleum consumers

bycitibusinessnews
May 31, 2016
in Local Economy, Oil And Gas, Top Stories
Share on FacebookShare on TwitterShare on Whatsapp

The price of petroleum products are likely to go up by three percent in the first pricing window in June.

This is according to the Chamber of Petroleum Consumers.

The comment follows a rebound in the global oil market price of crude oil which is now trading around 50 dollars a barrel.

ADVERTISEMENT

The prices of petroleum products have been increasing for some time now. The latest review saw an increase of about three percent in the prices of petroleum products.

Though the Executive Secretary of the Chamber of Petroleum Consumers, Duncan Amoah contends that smaller OMCs are likely to be affected with the marginal increase, he is optimistic the prices will not go beyond the three percent mark.

“World market indexes have inched up a little more, the cedi hasn’t performed as it would have within the past few weeks. It is likely that prices will go up by Wednesday…we do not expect it to go beyond three percent. The Ghanaian wouldn’t expect too much of an increase and even if there is an increase, we would wish that prices would have stayed at current levels but the smaller OMCs would complain of system losses,” Duncan Amoah stated.

But checks by Citi Business News across some OMCs within the nation’s capital show that consumers are likely to pay about 3 cedis 60 pesewas for petrol and 3 cedis 50 pesewas for diesel at least the major OMCs.

For Total and GOIL, the price of a litre of petrol could be selling at 3 cedis 60 pesewas while diesel could be sold to you at 3 cedis 50 pesewas.

Shell, whose prices are currently selling at 3 cedis 51 pesewas and 3 cedis 41 pesewas for petrol and diesel respectively are likely to be sold to you at 3 cedis 61 pesewas and 3 cedis 51 pesewas per litre respectively.

Champion Oil’s prices are currently 3 cedis 49 pesewas and 3 cedis 39 pesewas for petrol and diesel respectively.

Granted there is a three percent increase, this could be sold to you at 3 cedis 59 pesewas and 3 cedis 49 pesewas respectively.

AP oil, will be selling its products to you same as Shell which is 3 cedis 61 pesewas for a litre of petrol and 3 cedis 51 pesewas for a litre of diesel.

Meanwhile Engen oil is likely to be offering one of the lowest retail prices of petrol on the market.

Currently, a litre of petrol is selling at 3 cedis 45 pesewas while a litre of diesel is selling at 3 cedis 41 pesewas.

This would translate into a price of 3 cedis 55 pesewas for a litre of petrol while diesel will be selling at 3 cedis 51 pesewas per litre.

Similarly, Puma Energy could be offering the lowest price of diesel on the market as the product is currently selling at 3 cedis 39 pesewas likely to be sold to you at 3 cedis 49 pesewas.

Meanwhile, a litre of petrol at Puma Energy could be sold to you at 3 cedis 47 pesewas per litre.

–

By: Pius Amihere Eduku/citibusinessnews.com/Ghana

Related Posts

Local Economy

Ghana Best Cocoa Farmers Association lauds COCOBOD boss

bycitibusinessnews

The president of the Ghana Best Cocoa Farmers Association, Charles Gyamfi has heaped praises on the Chief Executive of Ghana...

Read more

Consider cocoa pricing in your legislation – COCOBOD CEO to EU

Fitch upgrades Ghana’s Long-term local-currency IDR from ‘RD’ to ‘CCC

Producer Price Inflation drops to 50.8% in February 2023

Growth and Sustainability Levy will stifle growth of local oil service companies – Upstream Petroleum Chamber

Peasant farmers reiterate calls for construction of Pwalugu Multi-Purpose Dam

ECG disconnects GRA, KFC, Ho Airport others from power grid

Next Post

Moody's lowers outlook for South African banks to negative

Video on Demand: Business Weekly

ADVERTISEMENT
Citi Business News

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.

Navigate Site

  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

Follow Us

No Result
View All Result
  • Home
  • News
  • Business
  • TECHNOLOGY
  • INTERNATIONAL
  • FEATURES
  • Videos

© 2019 Citi Business News - CitiBusinessNews.com by CNR Digital.