Diesel Archives - Page 2 of 2

30 Jan

Fuel Prices To Increase By 7%-13% From February 1, 2023 – IES

wontumionlineBusinessCEDI, Diesel, fuel prices, Institute for Energy Security (IES), LPG, Petrol

The Institute for Energy Security (IES) is predicting between 7% and 13% jump in the prices of petrol, diesel and Liquefied Petroleum Gas (LPG), from February 1, 2023, for the next two weeks. This means petrol will sell at about ¢15 per litre, whilst diesel will go for over ¢17 per litre. According to the IES, the rise in domestic fuel prices, is due to the sharp depreciation of the cedi during the last two weeks and the rising international fuel prices as observed on the global S&P Platts platform. The energy think tank pointed out that the increase in…

16 Jan

Petrol Now Sells At ¢13.90 With Diesel Going For ¢15.60 Per Litre

wontumionlineBusinessCEDI, Diesel, dollar, Oil marketing companies, OMCs, Petrol

Some Oil Marketing Companies (OMCs) have started increasing the prices of petroleum products at the pumps. The marginal increase is due to the depreciation of the cedi and the slight increase in the price of crude oil. It is the first in about a month. Now, the price of petrol per litre is going for about ¢13.90, from ¢12.40, whilst that of diesel is selling at about ¢15.60 per litre, from about ¢13.70. The prices are, however, slightly lower at some OMCs. It is unclear whether the price of Liquefied Petroleum Gas (LPG) will go up or remain stable. The…

15 Dec

We’ll Reduce Fares If Fuel Prices Come Down In The Next Pricing Window – GPRTU

wontumionlineNewsDiesel, fuel prices, GPRTU, Petroleum, Pricing window

The Ghana Private Road Transport Union (GPRTU), says it will reduce fares should the prices of fuel come down in the next pricing window. According to the Union, should that happen, they will not hesitate to reduce transport fares. However, what they will not do is to rush and reduce fares and be hit with hikes in fuel prices. The General Secretary of GPRTU, Mr Godfred Abulbire has said. According to him, a lot of considerations would have to be looked at before reducing transport fares. “For now, we will not rush and reduce fares, we need to observe things…

30 Sep

Cedi Depreciation May Force Marginal Increase In Price Of Petrol, LPG From October 1, 2022

wontumionlineBusiness, UncategorizedDiesel, gasoline, Institute for Energy Security, LPG, Nana Amoasi

The 4.26% depreciation of the cedi in the last two weeks may force prices of petrol and Liquefied Petroleum Gas to go up from Saturday, October 1, 202, the Institute for Energy Security has projected. The price of diesel may however stay same. Chief Executive Officer of the IES, Nana Amoasi, told Joy Business that despite the 8.41% percent fall in the price of Brent crude on the international market in the last two weeks, the cedi depreciation within the period is too much to bring prices of petrol and LPG down. “The Cedi depreciation of 4.26% is enough to…

08 Sep

Oil Prices Fall Below $90; Fuel Prices May Go Down On September 16

wontumionlineBusinessBrent crude, CRUDE OIL, Diesel, fuel prices, OPEC

Oil prices have fallen below $90 dollars per barrel on the world market, following fears of global economic recession. This could cause a reduction in fuel prices at the pumps on September 16, 2020 if the trend continues. Brent crude futures sold at $88 a barrel, falling below the 90 dollars a barrel for the first time since February 8, 2022. Analysts believe the slowing demand for the commodity in Europe, cut in production by Organisation of the Petroleum Exporting Countries (OPEC), coupled with interest rates hike by Central Banks are some of the major factors influencing the fall in oil…