Category: Oil And Gas
-
Fuel price hikes: Gov’t urged to use windfall from oil export to cushion Ghanaians
As the price of Brent crude oil continues to surge on the international market, hitting US$86 per barrel as of January 17, 2021, the government is being urged to use the extra income it is making from selling Ghana’s oil to cushion Ghanaians at the pumps. In the 2022 budget, the government pegged a barrel…
-
Fuel prices cross GH¢7 mark; represents about 40% increase in 12 months
The price of a litre of fuel has crossed the GH¢ 7 mark for the first time at some pumps across the country. Fuel prices per litre stayed at around Gh¢6.50 on average for a few weeks, and then rose to reach an average of Gh¢6.70 at most pumps in the past week alone, according…
-
BOST and TOR must shield Ghanaians from impact of fuel price increase – COPEC
As global Oil prices are tipped to hit record levels this year, the Chamber of Petroleum Consumers Ghana (COPEC) says the Tema Oil Refinery and the Bulk Oil Storage and Transportation Company Limited must absolve the public from its associated shocks. Speaking to Citi Business News, Executive Secretary of COPEC, Duncan Amoah stated that these…
-
Fuel prices to hit GH¢7 per litre by January ending – IES predicts
The Institute for Energy Security (IES) says consumers should expect fuel prices at the pumps to hit GH¢7 per litre in the second pricing window of this month, January. Fuel prices per litre at most pumps around the country dropped to around GH¢ 6.50 on average in the past few weeks but have now risen…
-
Drivers threaten to increase fares by 40% from January 17
A group of drivers known as the Concerned Drivers Association of Ghana has threatened to increase transport by 40 percent. According to the group, the proposed increase has been necessitated by fuel price hikes at the pumps, the increment in prices of vehicle parts, among others. The increment, according to the group, will begin on…
-
NPA assures of measures to ensure prosecution of fuel smugglers
The National Petroleum Authority, NPA, says a comprehensive approach has been instituted to ensure the prosecution of offenders or persons complicit in fuel smuggling in the country. According to the NPA, it has already introduced the Digital Retail Fuel Monitoring System, among others, last year, to address the issue. Ghana currently loses billions of Ghana…
-
Fuel price hike: COPEC reiterates calls for review of tax build-up
Following an earlier projection by the Chamber of Petroleum Consumers Ghana (COPEC) that prices at the pump may go up by at least 20 pesewas, various Oil Marketing Companies (OMCs) have begun increasing their prices marginally. Some of the OMCs, however, increased the price of the fuel by just 5 pesewas, despite the price hike…
-
Drivers unhappy with imminent fuel price increase
Commercial vehicle operators in the capital, Accra have raised concerns about an expected increase in fuel prices in the coming days. Already a major player in the Fuel retail space, Total, has adjusted its prices upwards with petrol now selling at GHS6.8 and diesel GHS6.85. This is an increase from an earlier price of GHS6.65…
-
Expect about 20 pesewas increase in fuel prices soon – COPEC
The Chamber of Petroleum Consumers Ghana (COPEC) is projecting fuel prices may go up by about 20pesewas in the coming days. This development is based on a number of factors that have impacted global fuel pricing. Fuel prices currently sell at about GHS 6.6 at the pumps. But there is an expected change in the…
-
President of Cote d’Ivoire Alassane Ouattara meets Eni’s CEO Claudio Descalzi
The President of the Republic of Cote d’Ivoire, Alassane Ouattara, has met with Eni CEO Claudio Descalzi to discuss the status of the fast-tracked development of the Baleine discovery, which will be the first net-zero development in Africa for scope 1 and scope 2 emissions. The Prime Minister Patrick Achi, the Secretary-General of the Presidency,…