Tag: Fuel price hikes
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Ride hailing app drivers call for fares to correspond with fuel price hikes
The Online Drivers Union is calling for an increase in their fares commensurate with the increment in fuel prices. Speaking to Citi Business News, the President of the Online Drivers Union, Francis Tenge believes their demand is critical to sustaining their livelihoods. “What we want is there should be a corresponding increment in the base…
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Russia-Ukraine tensions, Cedi depreciation may increase fuel prices by 4% – IES
As the country continues to suffer fuel price hikes and increases in transport fares, consumers may have to brace themselves for more shocks in the next few days. The Institute for Energy Security (IES) is predicting a four percent increase in the prices of Liquefied Petroleum Gas (LPG), Diesel, and Petrol at the pumps in…
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Fuel price hikes: Gov’t must act now to preserve economy – Mr Akwaboah
Former Board Chairman of the Association of Oil Marketing Companies, Henry Akwaboah says the government must address the erratic increase in the price of fuel in the country to prevent further escalation of the situation. Prices at the pumps are almost GHS8 at many fuel stations in the country after starting the year at about…
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Fuel prices to go up again by about 30 pesewas – COPEC
As fuel prices continue to hike, consumers may have to brace themselves for more shocks in the next couple of days. The Chamber of Petroleum Consumers Ghana (COPEC) is forecasting fuel prices could go up by up to 30 pesewas soon. Executive Secretary of the Chamber of Petroleum Consumers Ghana (COPEC), Duncan Amoah said in…
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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…
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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…
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Some transport operators threaten to withhold their services from Thursday Nov. 11
The Concerned Drivers Association with support from other stakeholders including the Tipper truck drivers Association and the Okada Riders Association are threatening to park their vehicles and motorbikes from 3pm on Thursday, November 11, 2021, if they do not get a favourable response from the government, concerning their request for some taxes and levies in…
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Blame recent fuel hikes on rise in world prices not new taxes – OMCs
The Association of Oil Marketing Companies (AOMC) has attributed the latest increases in prices of petroleum products to the prices and forces of demand and supply on the world market. In a statement to clarify issues on the back of the government’s newly proposed petroleum levies, the OMCs said the upward adjustment of the fuel…