Tag: increase in fuel prices
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Government must address fuel price hikes – TAGG
The Trade Advocacy Group Ghana (TAGG) is lamenting the frequent hikes in fuel prices. The Group says the development is skyrocketing their cost of doing business and stifling their growth. Fuel prices started the year at a little over GH¢ 4 per litre but currently, sell at GH¢ 6.50 per litre. President of TAGG, Kwadwo…
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AOMC blames recent fuel price increase on hikes on global oil market
The Association of Oil Marketing Companies says the recent increase in fuel prices is due to a hike in the global oil market. Fuel prices at the pumps shot up from GHS6.05 to GHS6.23 over the weekend, an increase that many consumers have expressed concerns over. On the other hand, oil prices on the world…
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Fuel prices likely to go up by 8 pesewas today – COPEC
The Chamber of Petroleum Consumers (COPEC) has indicated that fuel prices are likely to go up by 8 pesewas from today, May 17, 2021. Executive Secretary of COPEC, Duncan Amoah, stated that this was due to a hike in prices of the product on the global market. “Geopolitical events over the past few days have…
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OMCs likely to implement tax-induced price adjustments from May 4 – COPEC
It appears most Oil marketing companies are yet to adjust upwards their prices of fuel in the national capital, Accra two days after the set implementation date for the newly introduced taxes. The government during the presentation of the 2021 Budget Reading introduced some taxes including the Energy Sector Recovery Levy of 20 pesewas per…