fuel prices

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…

31 Aug

Fuel Prices To Go Up Between 5% And 10% – IES

wontumionlineBusinessfuel prices

Beginning September 2022, fuel prices are set to see a sharp jump between 5% and 10% at the various pumps. According to the Institute for Energy Security, this will add close to 70 pesewas to the current prices. Presently a liter of petrol is going for about ¢11 on the average and ¢13.70 on the average for diesel. The IES attributes the increase in fuel prices to the sharp depreciation of the Ghana cedi to the US dollar which it puts it at over 10% during the last two weeks. It is therefore advising consumers to plan accordingly to the…