Tag: fuel prices in Ghana
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Pump prices could hit GHS10/litre if Russia-Ukraine situation worsens- Dr Sulemana
Energy Consultant, Dr Yussif Sulemana says if the conflict between Russia and Ukraine escalates, Ghanaians must brace themselves to start buying fuel at about GHS10 per litre. The price of fuel on the global market reached an over 8-year record of $100 a barrel. Already, the previous increases to about $90 dollars had resulted in…
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New COVID-19 variant to blame for global crude price falls – DR Sulemana
Fuel prices on the global markets have fallen sharply from over 80 dollars a barrel to about 72 dollars per barrel. This comes after some international agencies like Goldman Sachs projected the commodity could hit 90 dollars a barrel by the end of the year. What could be the cause of this sudden downturn? Energy…
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Cap taxes on fuel to prevent introduction of new levies – COPEC to Parliament
The Chamber of Petroleum Consumers (COPEC), is calling on Parliament to pass a legislation that will ensure that the quantum of taxes placed on petroleum products doesn’t exceed a certain threshold. The comments follow notice of the implementation of the new tax policies introduced in the 2021 budget statement from 1st May, which according to…
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Stop interfering in fuel price movement – OMCs tell stakeholders
The Association of Oil Marketing Companies, has advised against what it calls undue interference in the pricing decisions of its members. This follows a statement by the Chief Executive of the National Petroleum Authority, Hassan Tampuli indicating that the Authority was anticipating a 15 percent reduction in the prices of fuel at the pumps, due…