Tag: fuel prices
-
Diesel prices may soon cross GH¢10 per liter, petrol GH¢9 – COPEC predicts
The Chamber of Petroleum Consumers Ghana (COPEC) has predicted that diesel may sell at over GH¢10 per litre while petrol will cross GH¢9 from March 16, 2022. COPEC attributed its prediction on the rising cost of crude on the international market and the cedi which is currently depreciating among major trading currencies. In a statement,…
-
Fuel prices may cross GH¢8 soon if Russia-Ukraine tensions stay high – COPEC
The Chamber of Petroleum Consumers (COPEC) is warning that if nothing is done by authorities in Ghana, regarding the rising fuel prices on the global market as Russia invades Ukraine, fuel prices could cross the GH¢8 mark at the pumps in the first pricing window of March. A barrel of Brent Crude Oil which was…
-
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…
-
OMCs sacrificing a lot to keep fuel price below GH¢7 – Oil Marketing Assoc.
Kwaku Agyemang-Duah, CEO of the Association of Oil Marketing Companies, says oil marketing companies are making a lot of sacrifices to keep the price of fuel in Ghana below GH¢7 per litre. According to him, with dealers barely compromising on their margins and the government maintaining all its taxes on petroleum products, the marketers are…
-
Fuel shouldn’t cost more than GH¢6 per litre in Ghana – IES
The Institute for Energy Security (IES) believes fuel in Ghana should not sell for more than GH¢6 per litre if the government effectively manages the sector. According to its Executive Director, Nana Amoasi VII, many of the variables that influence the price of fuel in Ghana are within the control of the government either directly…
-
GPRTU threatens strike by members over high cost of fuel
All members of the Ghana Private Road Transport Union (GPRTU), will from today, Tuesday, November 23, 2021, wear red armbands as a protest signal to alert the government of its intended strike on Monday, November 29, 2021. Head of Communications for GPRTU, Abass Imoro, says the action is to compel the government to reduce the…
-
Asafo drivers want government to scrap fuel levies
Drivers at the Asafo Neoplan Station in Kumasi have called on the government to take steps to reduce taxes and levies on petroleum products in the country. This, according to them, would help bring down the prices of fuel and other lubricants used in their business operations. Speaking to the Ghana News Agency in Kumasi…
-
Transport fares may go up but not from Monday – GPRTU clarifies
The Ghana Private Road Transport Union (GPRTU) has debunked claims that transportation fares will go up from Monday, October 25, 2021. Leadership of the transport union says it is still in talks with the government to scrap some taxes and levies placed on petroleum products. Speaking on Eyewitness News, General Secretary for GPRTU, Godfred Abulbira Adogma…
-
November 1st presents earliest opportunity for removal of PSRL – NPA
The National Petroleum Authority (NPA) says the earliest opportunity for the removal of the Price Stabilisation and Recovery Levies (PRSL) in the price build-up of petrol, diesel and Liquefied Petroleum Gas (LPG) would be the 1st of November. The NPA on the 11th of October announced that President Akufo-Addo had approved the removal of the…
-
COPEC blames recent fuel price hikes on cedi depreciation
The Chamber of Petroleum Consumers says the current increase in fuel prices is largely due to the recent depreciation of the Ghana Cedi. Fuel prices at the pumps of major oil marketing companies shot up from about GH¢6.28 to GH¢6.35 over the weekend, an increase that many consumers have expressed concern over. In an interview…