Tag: fuel prices
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NPA reduces fuel prices by 8 pesewas per litre
The National Petroleum Authority (NPA) has reduced the margin on the price of fuel by 8 pesewas per litre. Following the implementation of the newly-reviewed taxes on fuel, the margin on prices of petroleum products went up by 17 pesewas per litre. But the NPA, after a meeting with stakeholders in the industry, reduced the…
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New taxes will push a litre of petrol/diesel to GHS6 soon – COPEC
The implementation of some of the new tax policies introduced in the 2021 budget statement from 1st May is likely to contribute to fuel prices rising to GHS6 per litre in the near future. That’s according to the Chamber of Petroleum Consumers (COPEC). Of the new taxes that will be implemented from the beginning of…
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IES predicts marginal decrease in cost of fuel for first pricing window in November
Consumers of petroleum products should be paying lower prices for fuel they purchase at the various pumps, for the next two weeks in November 2020. This is according to energy think tank, Institute of Energy Security (IES). IES, in a statement, attributed its prediction to the decrease in prices of International Benchmark- Brent Crude, the…
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Nigeria counts on gas to ease pangs of fuel subsidy cuts
Nigeria is counting on gas-powered vehicles to help it reduce reliance on gasoline and improve its climate credentials while easing the pangs of ending decades of an expensive fuel-subsidy regime. Energy prices have shot up sharply after the government ended subsidies and the country’s labor unions are threatening a general strike on Sept. 28. After…
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Fuel prices to go up slightly in 1st pricing window for Sept. – IES
Consumers of petroleum products are likely to pay a little bit more for the fuel they purchase at the various pumps for the next 2 weeks which is the first pricing window of September. That’s according to Energy think tank, the Institute of Energy Security. With the demand for fuel now going up as the…
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Transport fares reduced by 10% effective August 1
Transport fares have been reduced by 10% effective Saturday August 1, 2020. This leaves only 5% of the 15% increment which will take effect from August 1. The decision was taken after a meeting between transport operators and the Ministry of Transport. On July 7, 2020, government approved a 15% hike in transport fares to…
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Paa Kwasi Anamua Sakyi writes: Fuel price increases; who is to be blamed?
It took the intervention of the coronavirus which emanated from China in early January 2020 to briefly halt the persistent increases in fuel prices in Ghana. Prior to that, the country has had to contend with persistent increases in fuel prices since January 2017. The revision and the neutralization of the Price Stabilization and Recovery…
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Fuel prices to remain stable for 2nd pricing window in May – IES
The Institute of Energy Security, IES, says consumers should not expect any major change in the prices of fuel at the various pumps from the second pricing window spanning Saturday, May 16 to Sunday, May 31. The energy think tank attributes this to the marginal rise in fuel prices on the global market as well…
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Fuel prices to drop between 3 to 5% at pumps from today – IES
Consumers of petroleum products should be paying lower prices for fuel they purchase at the various pumps, for the next two weeks which is the first pricing window in May. Energy think tank, Institute of Energy Security, told Citi Business News its analysis shows a reduction of between 3 to 5% for the period spanning Friday…
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Fuel prices to remain stable in first pricing window in April – IES predicts
Prices of fuel are to remain stable in the first pricing window of April, 2020, according to the Institute of Energy Security, IES. In a statement issued by the Institute, they attribute the stability in fuel prices to the fairly modest reduction in prices of Gasoline and Gasoil on the international market, as well as…