Tag: IES
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![Fuel prices hit all-year-high [Infographic]](https://citibusinessnews.com/wp-content/uploads/2015/11/FUEL-STATION-1.jpg)
Fuel prices hit all-year-high [Infographic]
Ghanaians are currently paying more for petrol and diesel few months after enjoying fairly low prices. Current figures from the petroleum industry show that, prices of the two products at the various fuel stations have hit all time high, with petrol selling at an average of GHc4.29 at the pumps, and diesel going for an…
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Cedi depreciation, US floods increase petroleum prices
Consumers should brace themselves to pay more for fuel for the second pricing window in September 2017. It follows an anticipated 7 percent rise in the prices of petroleum products. According to the Institute of Energy Security (IES), this is highly due to the effect and great impact Hurricane Harvey had on oil refineries across…
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Fuel prices to remain stable in September
Prices of fuel are likely to remain stable in the first pricing window of September this year. This is according to the Institute of Energy Security (IES). The IES attributes this to the relative stable prices of finished products on the international market as well as the suspension of the recently implemented fuel standards. Principal…
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Opposition to VRA assets sale intensifies
The Institute for Energy Security (IES) has challenged government to provide evidence backing its claim that the Volta River Authority (VRA) is inefficient. This comes after the President disclosed in parliament in February 2017 the possibility of listing VRA and Ghana Grid Company (GRIDCO) on the Stock Exchange. Subsequently, the Minister of Finance has also…
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Fuel prices to remain stable in 2nd pricing window in July
Prices of fuel are likely to remain stable in the second pricing window of July. This is the assertion of the Institute of Energy Security (IES). The Institute of Energy Security (IES) believes the cedi to dollar exchange rate, as well as the country’s stock level which is around 185 million litres are key projections…
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Fuel prices to drop by 2% in first pricing window in July
Prices of fuel are likely to see further drop in the first pricing window of July by about 2%. This is according to the Institute of Energy Security (IES). The Institute believes indicators such as the relative appreciation of the cedi against the dollar and the general reduction in the global price of crude oil…
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Ghana to lose GH¢7 million over sale of contaminated fuel
Ghana is likely to lose about 7 million cedis in revenue following attempts by the Bulk Oil Storage and Transportation Company Limited (BOST) to sell contaminated fuel to some oil marketing companies. Documents sighted by Citi Business News indicate that BOST has agreed to sell about 5 million litres of contaminated fuel to Movenpinna Energy.…
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Fuel prices to drop in 2nd pricing window of May – IES
The Institute of Energy Security (IES) has predicted an average drop of 1.03% percent in fuel prices for the second pricing window. According to IES, current developments across the globe indicate that fuel prices will drop slightly for the next pricing window in May. World Oil Market Indices for Benchmark Brent crude prices have been…
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Fuel prices to remain fairly stable in May
Fuel prices will remain fairly stable in the first pricing window in May. This is a prediction by the Institute for Energy Security (IES). According to the institute, the slight fall of Brent crude price, stability of the fuel stock levels among other factors will ensure the stability of fuel prices. The IES further hints…
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Power cuts to worsen over unpaid debts to WAPCo et al – Analysts
Analysts in the power sector fear the current disruptions in power supply would linger until such a time that government finds sustainable means to increase gas supplies to power the country’s thermal plants. According to them, the quantity of gas delivered by the Ghana Gas Company is insufficient to meet demands by the thermal plants.…