fuel prices Archives - Page 2 of 5

18 Mar

Petrol, Diesel Prices To Remain Same; LPG To Go Up 4% – IES

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The prices of petrol and diesel are expected to stay the same for the next two weeks, the Institute for Energy Security has revealed. However, that of Liquefied Petroleum Gas (LPG) will go up by about 4%. Though the prices of finished products of petrol and diesel on the international market fell by 4.06% and 0.24% respectively during the past two weeks, the Ghana cedi continued to record a depreciation of about 1.09% during the period. “Following the recent changes on the international market with Gasoil [petrol] and Gasoline [diesel], prices falling by 4.06% and 0.24%, while Liquefied Petroleum Gas…

16 Feb

Fuel Prices Expected To Surge Today, COPEC Predicts Increase Of 6.63% In Petrol And 8.18% In Diesel

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The Chamber of Petroleum Consumers (COPEC) has predicted an imminent hike in fuel prices set to take effect today, February 16, 2024. According to COPEC, petrol prices are expected to rise by 6.63%, while diesel will experience an 8.18% increase. As a result, the new price range for petrol is estimated to be between GH¢12.02 and GH¢13.29 per litre, compared to the previous GH¢11.87 per litre. Diesel is projected to be priced between GH¢13.21 and GH¢14.60 per litre, up from GH¢12.85 per litre. COPEC has also projected an average retail price of GH¢13.24 per kilogram for Liquified Petroleum Gas (LPG),…

15 Feb

Fuel Prices To Go Up – COPEC

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Indications are that the pump prices of petrol, diesel and LPG are likely to go up in the next Window beginning 16 February 2024. The imminent increases are largely due to increases in price of petrol on the international market by about 1.75% whilst diesel goes up by 6.02% with crude price increasing by 1.39% from the mean price of $81.30/barrel to $82.43/barrel. The forex or dollar exchange rate has also increased by 2.16% from a previous average of GH¢12.01603 to GH¢12.4230 per $1. Added to the above international price changes is the increase in local taxes of UPPF, Primary…

31 Jan

Petrol, Diesel and LPG prices to go up marginally from February 1, 2024

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Fuel prices are expected to go up marginally, beginning tomorrow February 1, 2024, the Institute for Energy Securities has stated. This is due to a marginal increase in the price of finished petroleum products and the depreciation of the cedi. Whilst the price of petrol and Liquefied Petroleum Gas will go up by 2% that of diesel will also increase by 3%. “In the coming days, consumers going to the pumps are likely to see the following changes: an increase in the price of Gasoline [petrol] by 2%, 3% increase in price Gasoil [diesel] and 2% increase in LPG price…

15 Jan

Diesel, LPG Prices To Go Down – COPEC

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The prices of diesel and Liquefied Petroleum Gas are expected to go down beginning tomorrow, January 16, 2023, the Chamber of Petroleum Consumers has revealed. However, that of petrol will remain unchanged. This is due to a decline in the prices of finished products on the world market, despite a marginal depreciation of the cedi during the last two weeks. COPEC is projecting an average price of petrol at GH¢11.71 per litre, whilst that of diesel will go for GH¢12.13 per litre. LPG will however sell at GH¢12.30 per kilogramme. Prices of petroleum products went down on the domestic market…

17 Nov

Some OMCs Reduce Fuel Prices; Petrol Selling For ₵12.80, Diesel At ₵13.30 A Litre

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Some Oil Marketing Companies (OMCs) have started reducing prices of petroleum products at the pumps from today November 17, 2023. TotalEnergies Ghana is selling a litre of Petrol for ₵12.80 from its old price of ₵12.99. Diesel is also selling at ₵13.30 per litre. It was selling for ₵13.70 per litre on November 2, 2023. PETROSOL is selling a litre of Petrol at ₵11. 99 pesewas from the old price of ₵12.45. Diesel on the other hand is going for ₵13.15 a litre from the old price of ₵13.40 a litre. Some of the companies have linked the reduction in…

31 Oct

Fuel Prices Likely To Remain Same From Nov. 1

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Fuel prices are likely to remain relatively unchanged on the domestic fuel market from November 1, 2023, the Institute for Energy Security (IES) has predicted. This follows a marginal drop in the price of finished products of petrol, diesel and liquefied petroleum gas (LPG) on the international market. However, the cedi depreciated during the last two weeks. Per the forecast, the average price per litre of petrol will remain at ¢12.35, while diesel will be pegged at ¢15.90 per litre. The price of LPG will also remain at ¢12.90 per kilogramme (Kg). “Following a marginal drop in the price of gasoline [petrol],…

18 Oct

Some OMCs Reduce Prices Of Petroleum Products

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Some Oil Marketing Companies (OMCs) have started reducing prices of petroleum products at the pumps. The reduction comes after the Institute of Energy Security (IES) predicted that prices may see a downward review in the second pricing window of October. Oil Marketing Company, PETROSOL is selling a liter of Petrol at ₵12.45 from its earlier price of ₵12.99 pesewas. Diesel is going for ₵13.40 pesewas from the initial price of ₵13.69. TotalEnergies is also selling a litre of petrol at ₵12.99 from the old price of ₵13.60. Diesel on the other hand is selling at ₵13.50, from the old price…

31 Aug

Taxi Driver ‘Forced’ By Rising Fuel Cost To Cover His Fuel Gauge Intermittently To Keep His Sanity

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The recent hike in fuel prices appears to have moved a number of commercial drivers into finding new ways of dealing with the impact. The fluctuating prices seem to be taking a psychological toll on drivers, just as it is affecting their pockets. A 20-year-old man, Emmanuel Fatsawo who has been driving for two years has blinded his fuel gauge to avoid the distraction of seeing the fuel go down. “You definitely cannot work if the fuel gauge is not covered, because you’ll be distracted by the constant decrease, covering it keeps me focused till I close for the day,…

29 Aug

Fuel Prices To Remain Unchanged For Next Two Weeks – IES

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Fuel prices will remain unchanged in the first two weeks of September 2023. According to a projection by the Institute for Energy Security, this is on the back of the slowed down of international movements of all petroleum products together with a stable cedi against the U.S. dollar in the second-pricing window of August 2023. “The various finished petroleum products as monitored on Standard & Poor (S&P) Platt platform within the past window exhibited the following dynamics; Gasoline [petrol] traded at $989.48 per metric tonne against the previous $967.29 per metric tonne, Gasoil [diesel] also moved from $901.73 per metric…