Tag: fuel
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Fuel prices to rise marginally in second pricing window of May – IES
Consumers of fuel may have to brace themselves for more shocks in the next couple of days because the Institute of Energy Security (IES) is forecasting a 3 to 6 percent increase in the price of petrol and LPG and 2 percent increase in the price of diesel on the local market. According to the…
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Wereko-Brobby advocates against dual use of LPG
Energy Analyst and former Chief Executive Officer of the Volta River Authority, Dr. Charles Wereko Brobby, has raised concerns about the dual use of Liquefied Petroleum Gas (LPG) in the country. According to him, the situation where LPG is used more in the transport industry than for domestic use, is making it difficult for government…
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Fuel prices reduced by 15 pesewas per litre effective April 1
Fuel prices in Ghana will go down by 15 pesewas per litre effective April 1, 2022. This reduction will be in place for three months. This was disclosed by the Minister of Finance, Ken Ofori-Atta, on Thursday, March 24, 2022, while announcing measures put in place by the government to cushion Ghanaians against current economic…
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Gov’t, stakeholders to meet over possible fuel price cuts – Oppong Nkrumah
Fuel consumers in Ghana may soon experience some relief with regard to the skyrocketing prices of petroleum products as the government seeks to engage with various stakeholders on possible cuts in some margins and levies on the price build-up. Information Minister, Kojo Oppong Nkrumah, who made the announcement at the Citi Breakfast on Monday said…
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![Government must take a decision on rising fuel prices: Public Interest is paramount [ARTICLE]](https://citibusinessnews.com/wp-content/uploads/2021/10/Fuel-pump-750x375-1.jpeg)
Government must take a decision on rising fuel prices: Public Interest is paramount [ARTICLE]
It is rife for government to take a decision on fuel prices keeping in mind the interest of citizens with respect to quality of life. Over the past couple of years, prices of Gasoline, Gasoil, and Liquefied Petroleum Gas (LPG) have been subjected to constant increases at the pump, placing financial strain on consumers and…
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IES predicts petrol prices may soon cross GH¢9
The Institute of Energy Security (IES) is forecasting a 9% and 5% increase in the prices of Diesel and Petrol respectively by the end of March 2022. The Institute of Energy Security is also predicting prices of Liquefied Petroleum Gas and Petrol could go up by 3% by the end of March 2022. According to…
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Fuel price hikes: Ride-hailing drivers call for adjustment in transport fares
The National Alliance of Digital Drivers is calling on their employers to adjust their fares upwards to make up for the increase in fuel prices. According to the Association, the continuous hike in fuel prices is taking a toll on their finances. A litre of fuel at the pumps crossed ed the GH¢7 mark in…
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Expect another fuel price hike in February – IES
The Institute for Energy Security (IES) is projecting a further increase in the prices of Liquefied Petroleum Gas (LPG), Diesel, and Petrol at various pumps across the country, over the next two weeks. According to the Institute for Energy Security, this is in spite of the suspension of the Price Stabilization and Recovery Levy (PSRL).…
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GOIL to lose GH¢9M monthly over fuel price reduction, it’s not sustainable – COPEC
The Chamber of Petroleum Consumers (COPEC) is worried that the directive to GOIL to reduce fuel prices could cost it GH¢9 million every month, insisting that is not a sustainable solution. Speaking on Eyewitness News, the Executive Secretary of COPEC, Duncan Amoah, said the directive was “very problematic” because of the possible effects on GOIL.…
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NPA approves 2-month removal of Price Stabilisation, Recovery levy to reduce fuel prices
The National Petroleum Authority (NPA), has approved the removal of the Price Stabilisation and Recovery Levies (PRSL) on petrol, diesel, and LPG for two months. This was announced in a press statement issued by the Authority’s Corporate Affairs Department today, October 11, 2021. “The National Petroleum Authority (NPA) wishes to inform the public that His…