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    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    Increase investments in digitisation platforms to ensure safe trade transactions under AfCFTA – BoG

    Fuel prices to go up as NPA announces restoration of UPPF margin

    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

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    ‘Seeking IMF bailout doesn’t mean e-levy has failed’ – Oppong Nkrumah

    ‘Our IMF negotiations will be in best interest of Ghanaians’ – Oppong Nkrumah

    IMF team arrives in Ghana on Tuesday ahead of Wednesday’s bailout talks

    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    President and Board Chairman of Afreximbank, Prof Benedict Oramah

    Plans are underway to complete fertilizer, railway projects in Ghana – Afreximbank

    Free SHS and other programs must be redesigned now – Seth Terkper

    KGL Group hosts Nigeria Lottery Regulatory Commission CEO Mr. Lanre Gbajabiamila

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    Golden Tulip Hotels not sold; leased for 12 years – Management

    Tullow Ghana awards KNK contract to Petrofac as part of transformation project

    We did no wrong in sale of 260 metric tonnes of slop oil – TOR

    Increase investments in digitisation platforms to ensure safe trade transactions under AfCFTA – BoG

    Fuel prices to go up as NPA announces restoration of UPPF margin

    [From the left] Thomas Abanga (CEO of Abanga Farms & Food Systems), Selma Ashipala Musavyi (Namibia High Commissioner to Ghana), Dr. Benjamin Sasu (Head of Food Safety), Mrs. Chariti Gbadawo (Director at the Ministry of Foreign Affairs & Regional Integration) ), Prof Bani (Board Chairman, Abanga Farms and Food Systems) and Clarence Zamuee (MEATCO Rep)

    Ghana’s Abanga Farms & Food Systems and Namibia’s Meatco in big partnership

    Gov’t still plans on tabling a legislation to compel banks to lend to the Agric sector – Agric Minister

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Enterprise Group PLC records 37% rise in revenue in 2021

  • TECHNOLOGY

    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

    Losses due to fraud in banking sector in 2021 up by 144%; hits GH¢61m – BoG report

    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

    Bawumia calls for more AfDB support as African economies battle global challenges

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

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Petroleum prices likely to increase again this week – Petroleum consumers

bycitibusinessnews
May 31, 2016
in Local Economy, Oil And Gas, Top Stories
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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.

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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

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