Tag: fuel
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Fuel prices to remain fairly stable at the pumps – COPEC
Prices of Petrol and Diesel are likely to remain unchanged in the first pricing window of October. Per projections from the Chamber of Petroleum Consumers (COPEC), there could be a one percent increase at the pumps, but Oil Marketing Companies (OMCs) have agreed not to pass on the cost to consumers due to competition. “There…
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Fuel price goes up; petrol selling at GHS13.50 a litre; diesel at GHS 13.90
Consumers of petroleum products have begun paying more to fill their tanks as of today, August 16, because several Oil Marketing Companies have marginally increased prices. Per Citi Business News checks, market leader Goil has raised petrol prices to 13.50 and diesel price to 13.90 per litre. A litre of petrol formerly sold for 12.95gh…
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IES predicts drop in fuel prices from April 1
The Institute for Energy Security (IES) is forecasting a 2% to 5% decrease in fuel prices in the first pricing window in April. According to IES, Liquefied Petroleum Gas will be the biggest gainer, with a 9% decrease in price. IES Research Analyst, Adam Yakubu, speaking to Citi News said, this development is due to…
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Fuel prices likely to drop in March – COPEC
The Chamber of Petroleum Consumers (COPEC) has predicted that fuel prices are likely to see a decline in the first pricing window of March 2023. According to COPEC, prices of both petrol and diesel have all declined marginally within the period while crude price has also minimally dropped from $82.99/barrel to $82.48/barrel (-0.61%). With the…
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Fuel prices likely to drop in February second pricing window – IES
The Institute for Energy Security (IES) is projecting a marginal drop in the prices of fuel for the second pricing window in February. IES projects the price of Gasoil to drop by about 4.26% from GH¢15.90 to about GH¢15.25 in the second week of the pricing window. The price of liquefied petroleum gas is also…
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Revive TOR to provide reliable and affordable fuel – IES to Prez Akufo-Addo
The Institute for Energy Security, IES, has reiterated the need for government to do all it can to ensure the Tema Oil Refinery is revived, in the wake of hikes in prices of fuel at pump stations. The call by the Institute comes on the back of a recent announcement by President Akufo-Addo that steps…
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Fuel prices cross GHs. 23.00 at the pumps
Fuel price has hit an all-time high at the pumps with Petrol selling at GHS17.99 per liter and diesel retailing at GHS 23.49 a litre. This comes barely three days after members of the Ghana Road Transport Union announced an increment in transport fares by 19 per cent due to the rampant increase in fuel…
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Petrol, diesel prices to go up further to ¢18 and ¢20 by mid-November – IES
As the country continues to suffer continuous fuel price hikes and increases in transport fares, consumers may have to brace themselves for more shocks in the coming weeks. This is because the Institute for Energy Security (IES) is predicting petrol and diesel prices to go up further to ¢18 cedis and ¢20 per liter for…
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Prices of petrol, LPG to fall by 4% in first pricing window of July – IES
Consumers of petroleum products, can heave a sigh of relief as the price of petrol is expected to go down by about 4 percent per litre at the various pumps in the country in the 1st pricing window of July. This is according to a recent analysis by the Institute for Energy Security (IES). This…
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The seven factors driving high cost of living in Ghana
The average Ghanaian does not need an economics degree to know the economy is going through a very rough patch. They feel it on their commute to work and when shopping for foodstuffs. The Ghana Statistical Service’s figures noted that the continuous increase in food and transport prices across the country has pushed the national…