Tag: fuel prices
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Prices of petroleum products to rise marginally in October – IES
In the face of a global surge in crude oil prices, resulting in increased costs for refined products in international fuel markets, domestic petroleum product prices in Ghana are set to continue rising according to the Institute of Economic Studies (IES). The IES said the Ghanaian market has seen relative stability in liquid fuel prices,…
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Transport operators threaten to increase fares by 20%
The Coalition of Transport Union and Association is threatening to increase transport fares by 20 percent if government fails to scrap off some taxes from the petroleum price build-up. The association says government must abolish the sanitation and pollution levy, and energy sector levy to ease the unnecessary pressure on drivers and other consumers. Speaking…
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Price of diesel and LPG to drop marginally; petrol to remain unchanged – IES
The price of diesel and Liquefied Petroleum Gas (LPG) is expected to fall marginally in the first pricing window of July. This is according to a recent analysis by the Institute for Energy Security (IES). The projection by the Institute for Energy Security, notes that the reduction can be attributed to the 2.6% fall in…
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Fuel prices to rise marginally in next pricing window – COPEC
Petroleum prices in Ghana are set to experience a slight increase in the upcoming pricing window of June, except for Liquefied Petroleum Gas (LPG), according to the Chamber of Petroleum Consumers (COPEC). This increase has been attributed to the depreciation of the cedi against major currencies. The Executive Secretary of COPEC, Duncan Amoah in an…
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Fuel prices to decline in second pricing window of May – COPEC
The Chamber of Petroleum Consumers Ghana (COPEC) is projecting a decline in the prices of fuel in the second pricing window of May 2023. COPEC’s projections indicate that the decline is a result of the decrease in the price of crude on the international market and stable to slightly declining forex rates. Petrol is expected…
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IES predicts further fall in fuel prices
The Institute of Energy Security (IES) has projected an expected fall in the prices of fuel. The marginal drop in the prices of petrol, diesel and Liquefied Petroleum Gas (LPG) announced by the Institute will reflect at the pumps. In a statement, the IES attributed the fall to prices on the world market and the…
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Fuel prices may remain unchanged despite cedi depreciation – IES
Despite the reduction in global prices of finished petroleum products, the prices of such products in Ghana may remain unchanged for the next two weeks. This is due to the recent decline in the value of the Ghana cedi against the US dollar, which may offset the expected reduction in fuel prices. The Institute for…
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Dissolve NPA if it cannot regulate fuel prices – Dr. Wereko-Brobby
A former Chief Executive Officer of the Volta River Authority (VRA), Dr. Charles Wereko-Brobby has called for the dissolution of the National Petroleum Authority (NPA) if it can’t regulate fuel price hikes to protect consumers. Dr. Wereko-Brobby in an interview on Eyewitness News on Tuesday, November 1, added that the NPA must control the Oil Marketing Companies…
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IES predicts petrol will sell above GH¢10 per litre in coming weeks
The Institute for Energy Security (IES) is projecting a rise in price of Gasoline (Petrol) ranging from 5 percent to 9 percent in the first pricing window of June. The Institute is however predicting some form of stability in the prices of Gasoil (Diesel) and Liquefied Petroleum Gas (LPG) in the same period. Per the…
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IES predicts relatively stable fuel prices in the second pricing window of April
Consumers of fuel can heave a sigh of relief for the remaining weeks in April because the Institute of Energy Security (IES) is projecting relative stability in the price of fuel on the local market in the second pricing window of this month. According to the Institute, this is attributed to the 1.5 percent cedi…