fuel Archives - Page 2 of 2

16 Oct

Fuel Prices To Reduce By 2% And 6% From October 16 – IES

Wontumi2Businessfuel

The Institute of Energy Security has projected that fuel prices at the pumps will see some marginal reduction from October 16, 2023, the beginning of the second pricing window for the month. The Institute said petrol, diesel, and Liquified Petroleum Gas are expected to reduce by between 2% and 6%. It attributed the reduction to international market dynamics. “Following the fall in the price of refined products prices on the World Fuel Market by 13.06%, 6.40%, and 9.67%, for Gasoline [petrol], Gasoil [diesel], and LPG respectively, and taking into consideration the 1.42% depreciation of the Ghana cedi against the greenback…

15 Aug

Petrol To Sell At GH¢12.97, Diesel GH¢13.43 Per Litre From August 16 – COPEC

Wontumi2BusinessCOPEC, fuel

The Chamber of Petroleum Consumers (COPEC) has noted that there will be an increase in the prices of petroleum products. According to the Executive Secretary of COPEC, Duncan Amoah, petrol and diesel may increase by 5.7%. Currently, petrol and diesel are selling at GH¢12.95. COPEC added that the price of LPG will also increase to about 11.9% within the same period. He said: “Indications are that Petrol and Diesel pump prices are likely to increase averagely by about 5.7% over the current mean price of GHS12.45/L across the country whilst LPG prices increase by about 11.9%. “The following basic information…

05 Jun

Cedi Stabilisation Critical To Affordable Fuel Prices – CBOD

Wontumi2BusinessCEDI, fuel, Ghana Chamber of Bulk Oil Distributors

The Ghana Chamber of Bulk Oil Distributors (CBOD) has called on the government of Ghana to expedite measures in stabilizing the Cedi to ensure reductions in the prices of fuel across the country. The Chamber believes that a stable currency will see a reduction in the prices of diesel, petrol and prices of other goods and services. The Chief Executive Officer of CBOD, Patrick Ofori, speaking during a virtual media interaction, stated that even though international market prices and forex rates affect fuel pump prices, the forex rate changes on pump prices had an enormous impact on fuel prices in…

01 Jun

OMCs Start Increasing Fuel Prices; Goil Selling A Litre Of Petrol, Diesel For ¢12.45

Wontumi1Businessfuel, Ghana, GOIL

Some Oil Marketing Companies (OMCs) have started increasing prices of petroleum products at the pumps. Goil has taken the lead, selling at litre of diesel and petrol at ¢12.45 pesewas from its old price of ¢12.30 pesewas a litre. The increase is in line with the biweekly review of prices at the pumps. The latest increase, according to some stakeholders is due to the cedi’s performance and crude prices on the international market. It is expected that more OMCs will also adjust prices upward later today. IES prediction Earlier, the Institute for Energy Security (IES), predicted that prices of petrol…