fuel price

Fuel Prices To Go Down From Tomorrow, November 16, 2024 – COPEC
15 Nov

Fuel Prices To Go Down From Tomorrow, November 16, 2024 – COPEC

Wontumi1Business
Barring any unforeseen circumstances, fuel prices will decrease starting tomorrow, November 16, 2024. According to the Chamber of Petroleum Consumers (COPEC), the price of petrol is expected to drop by about 5.06%, and diesel by 3.88%. The price of Liquefied Petroleum Gas (LPG) is also forecasted to decrease by about 1.14%. COPEC attributed this forecast to a decline in the price of crude oil on the world market by 0.72%, from $74.63 per barrel to $74.09 per barrel, although the cedi continues to depreciate relative to the dollar. The price of petrol will be GH¢13.582 per litre, while diesel will…
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Fuel Price Increase: Petrol At GH₵14.49, Diesel Going For GH₵14.90
17 Oct

Fuel Price Increase: Petrol At GH₵14.49, Diesel Going For GH₵14.90

Wontumi1Business
More Oil Marketing Companies (OMCs) have increased prices of petroleum products at their various service stations in the country. Allied Oil took the lead on October 16, 2024 selling a litre of petrol at GH₵12.73 while diesel is going for GH₵13.73. This represents a marginal increase compared to the prices quoted on October 1, 2024. Shell has also increased prices of its products selling a liter of petrol at GH₵14.72, representing about 7 percent jump from the first pricing window of October 2024. Diesel has however gone up by 4.45 percent and it is selling at GH₵14.99 pesewas per litre.…
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Aliko Dangote’s Meeting With Marketers May Drop Fuel Price – Report
15 Oct

Aliko Dangote’s Meeting With Marketers May Drop Fuel Price – Report

Wontumi1Business,
The Dangote refinery is set to meet with the Independent Petroleum Marketers Association of Nigeria (IPMAN) on Tuesday with regards to a topic that has been on the lips of concerned Nigerians. Both parties are set to discuss the viability of a decrease in Dangote’s fuel price compared to the country’s current price. The Independent Petroleum Marketers Association Of Nigeria (IPMAN) alongside the Dangote refinery is set to finalize agreements on the cost of lifting petrol from the refinery. IPMAN predicts the move would contribute to the stability and efficiency of Nigeria's fuel supply chain. This is following the government’s…
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Prices Of Petrol, Diesel And LPG To Remain Stable – IES
16 Aug

Prices Of Petrol, Diesel And LPG To Remain Stable – IES

Wontumi1Business
The prices of petroleum products will remain stable on the local fuel market for the second half of August 2024, the Institute for Energy Security has predicted. This is due to the combined effects of the slowed depreciation of the local currency and the international market activities observed in the first half of August 2024. The price of petrol and diesel remained positive, recording decreases of 2.83% and 4.46%, respectively. In sharp contrast, Liquified Petroleum Gas recorded a price increase of about 2.66%. Additionally, the Ghana cedi depreciated by 0.77% against the U.S. dollar. The IES pointed out that in…
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Fuel Price Increase: A Litre Of Petrol, Diesel Selling At GH₵14.84
05 Jun

Fuel Price Increase: A Litre Of Petrol, Diesel Selling At GH₵14.84

Wontumi1Business,
Some oil marketing companies have started increasing prices of petroleum products at the pumps. Shell is selling a litre of petrol and diesel at GH₵14.84. Market leader GOIL is however selling a litre of petrol for GH₵14.60, from its old price of GH₵14.55. Diesel is going for GH₵14.75, up from the previous price of GH₵14.70. GOIL’s price is lower compared to Shell. Persons close to GOIL have told JOYBUSINESS that the adjustment is due to the GH₵0.05 increase in the Unified Petroleum Price Fund (UPPF) margin. The National Petroleum Authority has directed industry players to increase the margin from June 1, 2024.…
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Ghana Retains 10th Position With Lowest Fuel Price In Africa
29 Apr

Ghana Retains 10th Position With Lowest Fuel Price In Africa

Wontumi1Business
Ghana retained its 10th position with the lowest fuel price in Africa in April 2024, GlobalPetrolPrices.com has revealed. Accordingly, Ghana’s average fuel price of $1.051 per litre ranks it 40th globally. The average price of gasoline or petrol presently around the world is $1.34 per litre. Libya came 1st with the cheapest fuel price of $0.031 per litre on the African continent but 2nd globally. Egypt and Algeria came 2nd and 3rd respectively with the fuel prices of $0.281 and $0.342 per litre respectively. From 4th, 5th, 6th, 7th, 8th and 9th were Angola ($0.359), Nigeria ($0.549), Sudan ($0.700), Tunisa ($0.800), Liberia…
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Price Of Petrol, Diesel To Go Up 5%, 4% Per Litre – IES
15 Apr

Price Of Petrol, Diesel To Go Up 5%, 4% Per Litre – IES

Wontumi1Business
The price of petrol and diesel is projected to further increase by about 5% and 4% per litre respectively at the pumps in the coming days. This results from international market dynamics and poor performance of the local currency. According to the Institute for Energy Security, Liquified Petroleum Gas (LPG) on the other hand could see users enjoy some price cuts by about 8% in the coming days. “Following the international market changes resulting from geopolitical tensions in the Middle East, OPEC+ decisions on production cuts among other factors have caused a hike in crude oil prices which influences refined…
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Fuel Prices Go Up; Petrol at ¢13.49, Diesel Going For ¢13.95
05 Oct

Fuel Prices Go Up; Petrol at ¢13.49, Diesel Going For ¢13.95

Wontumi1Business
Some oil marketing companies have adjusted prices of petroleum products at the pumps. Joy Business is learning that the review was carried out from Tuesday, October 3, 2023 by some of the oil marketing firms. Shell is selling a liter of petrol at ¢13.49. Diesel on the other hand is going for ¢13.95. Star Oil, another major player in the industry also increased its prices, selling a litre of petrol at ¢11.99 pesewas, while diesel is going for ¢13.39. However, some of the other major oil marketing firms are still yet to adjust prices at pumps almost 5 days after…
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Petrol Prices To Remain Unchanged In October First Pricing Window – COPEC
02 Oct

Petrol Prices To Remain Unchanged In October First Pricing Window – COPEC

Wontumi1Business
Prices of petroleum products are likely to remain unchanged for the month of October. According to projections from the Chamber of Petroleum Consumers (COPEC), there could be a one percent increase at the pumps, but oil marketing companies will not pass on the cost to consumers due to competition. The Executive Secretary of COPEC, Duncan Amoah, attributed the price stability to the stability of the cedi and the stable price of oil on the international market. “There have been some price variations as far as the international market pricing is concerned and again, there has been some relative stability with…
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Price Of Diesel And LPG To Drop Marginally; Petrol To Remain Unchanged – IES
03 Jul

Price Of Diesel And LPG To Drop Marginally; Petrol To Remain Unchanged – IES

Wontumi1Business,
The price of diesel and Liquefied Petroleum Gas (LPG) is expected to fall marginally in the first pricing window of July. This is according to a recent analysis by the Institute for Energy Security (IES). The projection by the Institute for Energy Security, notes that the reduction can be attributed to the 2.6% fall in the price of gasoline and a 3.09% fall in the price of LPG. The analysis further noted that the depreciation of the Ghana cedi remains insignificant to the price of fuel at the various pumps in the first two weeks of July. However, the price…
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