Tag: fuel prices
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Change BOST’s mandate to address fuel price hikes – IES
The Institute of Energy Securities (IES) is calling for a change in the mandate of the Bulk Oil Storage And Transportation (BOST) to help address the constant increase in fuel prices. According to the Executive Secretary of IES, Paa Kwesi Anamoah Sekyi, an analysis of the trend in fuel prices on the international market can better…
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Fuel prices to reach GH¢4.99 cedis per litre
Consumers should be paying an additional 15 pesewas per litre on fuel they purchase at major fuel pumps from today till the end of this month [July]. This will be the case barring any last minute intervention by the National Petroleum Authority (NPA) to cushion consumers from high prices. The institute of Energy Security (IES)…
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Depreciating cedi to negate fuel price drop – ACEP
The Executive Director of the Africa Centre for Energy Policy (ACEP), Ben Boakye has told Citi Business News petroleum prices at the pumps will not experience any significant drop in the coming weeks, even though crude oil price continues to drop on the international market. According to him, a continuous depreciation of the cedi against the…
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Fuel prices to drop again this week
The prices of petroleum products are expected to drop by about 2 percent this week. This is the indication from Citi Business News’ checks with players within the petroleum industry following developments on the global market. This will also be the second time in less than a week that fuel prices have been reduced this…
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Major OMCs reduce fuel prices
Some major Oil Marketing Companies (OMCs) have reduced their prices by 4 pesewas within the first pricing window of June. The reduction comes after a 3 percent increase in prices of fuel in early part of June. Earlier, checks by Citi Business News showed that a litre each of diesel and petrol were selling for…
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Fuel prices go up by 2% in May – IES
The Institute of Energy Security (IES) has predicted an increase in fuel prices for the first two weeks of May. The Institute tells Citi Business News prices will go up by about 2 percent barring an intervention from the National Petroleum Authority (NPA). “In the first pricing window for May 2018, we are expecting fuel prices to go…
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Fuel to go up by 2.5 percent
Fuel prices are likely to go up again by about 2.5% for the second pricing window in April. This is the prediction by the Institute of Energy Security (IES). By this, fuel prices are expected to go up between April 16, 2018 to April 30, 2018. The Institute, projected fuel prices to go up between…
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Fuel prices increase by 1.5 percent in April
The prices of petroleum products at the pumps have gone up by about 2 percent for the first pricing window this month (April). For the first two weeks of this month, consumers should be prepared to pay more for fuel they purchase at the various retail outlets for the Oil Marketing Companies (OMCs). The first…
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Consumers demand disclosure on petroleum price stabilization levy
Pressure is mounting on government to come clear on the implementation of the price stabilization levy on petroleum products. Industry watchers argue that consumers risk being shortchanged, if the regulators fail to regulate the application of the levy. The comments come in the wake of marginal rise in the prices of petroleum products for the…
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Fuel prices to rise by 2% in February – IES
Prices of fuel may go up by 2 percent in the first pricing window in February, between February 2, 2018 and February 15, 2018. However, a swift intervention from government through the National Petroleum Authority (NPA)’s price stabilization mechanism could keep prices stable. The Institute of Energy Security (IES) which revealed this, further attributes the…