fuel prices

Fuel Prices To Go Up – COPEC
15 Feb

Fuel Prices To Go Up – COPEC

Wontumi1Business
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…
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Petrol, Diesel and LPG prices to go up marginally from February 1, 2024
31 Jan

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

Wontumi1Business
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…
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Diesel, LPG Prices To Go Down – COPEC
15 Jan

Diesel, LPG Prices To Go Down – COPEC

Wontumi1Business
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…
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Some OMCs Reduce Fuel Prices; Petrol Selling For ₵12.80, Diesel At ₵13.30 A Litre
17 Nov

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

Wontumi1Business
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…
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Fuel Prices Likely To Remain Same From Nov. 1
31 Oct

Fuel Prices Likely To Remain Same From Nov. 1

Wontumi1Business
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],…
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Some OMCs Reduce Prices Of Petroleum Products
18 Oct

Some OMCs Reduce Prices Of Petroleum Products

Wontumi1Business
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…
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Taxi Driver ‘Forced’ By Rising Fuel Cost To Cover His Fuel Gauge Intermittently To Keep His Sanity
31 Aug

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

Wontumi1Business,
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,…
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Fuel Prices Shoot Up; Petrol Now Selling At ¢13.50, Diesel ¢13.90 Per Litre
16 Aug

Fuel Prices Shoot Up; Petrol Now Selling At ¢13.50, Diesel ¢13.90 Per Litre

Wontumi1Business, ,
Some Oil Market Companies have started increasing prices of petroleum products at the pumps. TotalEnergies has increased the price of petrol to ¢13.50 per litre from ¢12.45 per litre at the beginning of the month. Diesel is also going for ¢13.90 per litre from the previous price of ¢12.45 per litre. Goil has also increased prices petrol to ¢3.50 and diesel to ¢13.90 per litre. The rest of the OMCs are expected to also adjust prices today August 16, 2023. Earlier, the Chamber of Petroleum Consumers (COPEC) announced that fuel prices will see an increase of about 5.7% in the…
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Fuel Prices Go Up
18 Jul

Fuel Prices Go Up

Wontumi1Business
There have been marginal fuel price hikes at major filling stations in the country. A visit to the pumps by 3news.com on Monday, July 17 showed that petrol prices have jumped from GH¢12.30 per litre to GH¢12.45 per litre. This is same for Diesel. Visits to Goil, TotalEnergies and Shell showed the latest price increases. There are reports that government is seeking to introduce new taxes on fuels in the mid-year budget review to be presented by the Finance Minister on Tuesday, July 25. This is set to see further increases in fuel prices. Some oil-marketing companies (OMCs) have attributed…
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Inflation, Fuel Prices Are Holding Relatively Stable; Support Govt’s Recovery Efforts – Ahiagbah
17 Jul

Inflation, Fuel Prices Are Holding Relatively Stable; Support Govt’s Recovery Efforts – Ahiagbah

Wontumi1Business,
The Director of Communications for the New Patriotic Party (NPP) Richard Ahiagbah has said things are gradually getting better with the economy. He indicated that inflation rate is slowing, and prices of fuel have also stabilized. “4.2% first-quarter economic growth is 0.2% higher than the African Development Banks’ overall 4% projection for the 2023 & 2024 fiscal years, and 1.5% higher than the 2.7% global projection for the 2023 fiscal year. “Inflation and fuel prices are holding relatively stable showing that economic recovery is moving in the right direction. “We humbly appeal to Ghanaians to continue to support the government’s…
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