Category: Oil And Gas
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Fuel prices cross GHs. 23.00 at the pumps
Fuel price has hit an all-time high at the pumps with Petrol selling at GHS17.99 per liter and diesel retailing at GHS 23.49 a litre. This comes barely three days after members of the Ghana Road Transport Union announced an increment in transport fares by 19 per cent due to the rampant increase in fuel…
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Petrol, diesel prices to go up further to ¢18 and ¢20 by mid-November – IES
As the country continues to suffer continuous fuel price hikes and increases in transport fares, consumers may have to brace themselves for more shocks in the coming weeks. This is because the Institute for Energy Security (IES) is predicting petrol and diesel prices to go up further to ¢18 cedis and ¢20 per liter for…
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Fuel prices to hit GHS18/litre in December if government doesn’t intervene – COPEC
If steps are not taken to curb the rampant increase in the prices of fuel at the country’s filling stations, the Chamber of Petroleum Consumers Ghana (COPEC) predicts that fuel prices could reach GHS18 per litre by the end of the year. ‘We are now hitting GHS15 per litre for fuel,’ according to Duncan Amoah, Executive…
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Fuel prices jump to almost GHS16/litre
Over the weekend, fuel prices have shot up to almost GHS16 per litre at some stations in the country. At a leading Oil Marketing Company, Total Energies, for instance, the price of Diesel now stands at GHS15.99 while petrol sells for GHS13.10. This is a sharp rise from the GHS11.06 per litre for petrol and…
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Cylinder Recirculation Policy to begin in parts of the country by December
The government has announced that the Cylinder Recirculation Policy is set to kick off in parts of the country by the end of the year. This comes years after the policy was introduced as a stop-gap measure following the atomic junction gas explosion saga in 2017. Speaking at the Ghana International Petroleum Conference, Chief Executive…
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Prices at the pumps to fall marginally – IES
The Institute of Energy Security (IES) is projecting a slight reduction in fuel prices in the coming days. This is despite an almost 11 per cent drop in prices on the world market. The about 3.6 per cent depreciation of the cedi against the dollar has however thwarted any significant drop in prices at the…
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Fuel prices to go up between 5% and 10% – IES
Consumers of petroleum products should expect fuel prices to go up between 5% and 10% at the various pumps across the country from September 2022, According to the Institute for Energy Security, IES, this will add close to 70 pesewas to the current prices. Currently, a litre of petrol is going for about GHS11 on…
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17 OMCs did not pay GH¢249.8m duties, taxes between 2022, 2021 – Auditor General
Seventeen Oil Marketing Companies did not pay duties and taxes totaling GH¢249,800,802.28 on 219,995,530 litres of fuel products lifted for the period January 2020 to December 2021. The Auditor General’s report on the audit of Ministries, Departments and Agencies noted this discrepancy from the Integrated Customs Management System (ICUMS). Twenty-eight Oil Marketing Companies failed to…
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NPA to ensure vehicles of affected Atimpoku Shell fuel station customers are fixed
The National Petroleum Authority (NPA) has assured customers of the Shell fuel filling station at Adomi Bridge, Atimpoku, in the Eastern Region whose vehicles were damaged after they were sold water–laced petroleum products of a redress. According to the NPA, it will compel the Oil Marketing Company to fix the vehicles of affected customers. The…
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WAPCo commits to cleaner and reliable energy
Managing Director of the West African Gas Pipeline Company Limited, (WAPCo), operator of the West African Gas Pipeline (WAGP), Gregory Germani has assured of his outfit’s commitment to providing cleaner and reliable energy for customers. According to him, his outfit has an enviable safety practice and record which reflected its commitment to safe operations to…