Tag: petrol prices
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Article: Why crude oil price forecasts proves to be inevitably wrong
Predicting Oil Prices For the oil price forecasting fraternity, the great oil bust of 2014 signal one more failure. That in a matter of six months, Brent oil price dropped over 40 percent from $115 per barrel to $70 per barrel; and tumbled to mid-$20s of a barrel in first month 2016. And after struggling…
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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 drop in second pricing window in March
The Institute for Energy Security (IES) is predicting at least a 3% fall in fuel prices for the second pricing window in March. The IES is basing the fall on the drop in prices of petroleum products on the world market. They also believe there has been a relative stability in the forex exchange market…
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Fuel prices increase by about 11%
Prices of some petroleum products have gone up by 11 percent for the first pricing window in January. Checks by Citi Business News indicate that the price of a litre of petrol has gone up between 8 and 11 percent while the same quantity for a litre of diesel has gone up between 9 and…