Tag: fuel prices
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Consumers likely to pay more for fuel in second January pricing window — IES
The Institute for Energy Security (IES) is predicting that oil marketing companies will likely increase the prices of their petroleum products to make up for the marginal price movement of crude oil on the international market. “Taking into consideration the two percent increment in prices of Crude oil, coupled with the 0.95 percent and 1.01…
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COPEC wants gov’t intervention in stabilizing fuel prices
he Chamber of Petroleum Consumers Ghana (COPEC) wants the government to apply the price stabilization levy to cushion consumers from a likely increase in the cost of fuel. Already, industry players have predicted a hike in fuel prices at the pumps by about two percent this month. This prediction is premised on among other things,…
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Withdraw ‘insensitive’ increase in BOST margins – COPEC to NPA
The Chamber of Petroleum Consumers (COPEC), wants the National Petroleum Authority (NPA), to withdraw an increment it has introduced to some petroleum products. The National Petroleum Authority on Friday directed Oil Marketing Companies (OMCs) and LPG Marketing Companies to apply an upward review of a combined 4 pesewas increase in fuel prices, but COPEC says…
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[Article] Impacts of fuel price hikes on the economy
The speculation that government was once more going to increase taxes on fuels during the 2019 mid-year budget review contrary to public expectations has been confirmed. Therefore, in the coming days, consumers of petroleum products in the country will be paying more at the pumps as government announces increment in the energy sector levy to…
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Article: Time to end petro-politics in Ghana
It was speculated that government was once more going to increase taxes on petroleum products during the 2019 mid-year budget review, contrary to the expectation of Ghanaians. The Minority Caucus in Parliament joined sections of Ghanaians to launch a protest, a situation that often comes up when politicians want to score political points against their…
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Fuel prices to remain unchanged in October
Fuel prices are to remain stable for the first pricing window of October [spanning October 1-15, 2018]. This is a prediction by the Institute of Energy Security (IES). The IES attributes the findings to various indicators such as the cedi’s performance and marginal increase in the price of Brent crude. Prices of fuel went up…
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Reduce taxes, stabilise cedi to bring down fuel prices – TUC
The Trades Union’s Congress (TUC), is asking the Akuffo-Addo government to review a number of taxes that contribute to the astronomical increases in the prices of petroleum products. It also wants pragmatic steps taken to strengthen the Ghana cedi against other major currencies. These demands by TUC come at a time when there is public…
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Reduce impact of fuel price hikes on us – GPTRU to gov’t
The Ghana Private Road Transport Union (GPRTU), wants government’s intervention to reduce the impact of fuel price hikes on its members. The Union has however said it does not plan to increase transport fares. [contextly_sidebar id=”yKcSgXX4tBXBWmiLNuqJpqJFFDiNZDAQ”]The Union cannot increase fares in line with an agreement with the Ministry of Road and Transport. Checks by Citi…
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Drivers lament over GH¢5 fuel prices
Some drivers have expressed their displeasure over the increase in fuel prices for the second pricing window in September. Checks by Citi Business News at some fuel pumps on Monday evening [September 17, 2018] showed that Shell had increased its prices. A litre of diesel and petrol are being sold at 5 cedis 18 pesewas…
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Fuel prices to hit 5 cedis per litre
Prices of fuel are expected to increase to about 5 cedis per litre for the second pricing window in September [September 16th to 30th]. This is largely due to the depreciation of the cedi. The Institute of Energy Security (IES) who revealed this also adds that other major factors such as the increase in Brent…