IES

Fuel Prices To Fall Between 2% And 4% In Coming Days – IES
31 Jul

Fuel Prices To Fall Between 2% And 4% In Coming Days – IES

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The prices of petroleum products are expected to fall between 2% and 4% for petrol, diesel, and Liquefied Petroleum Gas, beginning tomorrow August 1, 2024. This follows the slowdown in the depreciation of the Ghana cedi during the second half of July 2024 and the favourable international market dynamics. According to the Institute for Energy Security (IES), the price of petrol and deisel fell by 2.99% and 4.59% respectively and LPG by 1.10% in the second half of July 2024. “Precisely, the price of gasoline [petrol] fell by 2.99%, gasoil [diesel] by 4.59%, and LPG by 1.10% in the second…
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Petrol, Diesel Prices Go Down – IES
19 Dec

Petrol, Diesel Prices Go Down – IES

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Prices of petrol and diesel would fall marginally from this week, as a result of a decline in prices of finished petroleum products on the world market, the Institute for Energy Securities has disclosed. However, the price of Liquefied Petroleum Gas (LPG) could see its price going up following an increase in the product price coupled with a depreciated cedi. “In the wake of the price falls recorded for liquid fuels: gasoline (2.84%), and gasoil (4.84%) on the international market, it is expected that the prices of the two commodities will fall on the domestic fuel market. In the final…
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Prices Of Fuel To Remain Unchanged In Next Two Weeks – IES
30 Nov

Prices Of Fuel To Remain Unchanged In Next Two Weeks – IES

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Prices of petroleum products are likely to remain relatively stable in the next two weeks, the Institute for Energy Security has revealed. Though the prices of finished products of petrol and Liquefied Petroleum Gas [LPG} went down marginally on the international market during the last two weeks, the cedi depreciated marginally against the US dollar. This would prevent any reduction of fuel on the local market. “Following the price falls recorded for gasoline [petrol] (1.55%), and LPG (0.66%) on the international market, it is expected that the prices of the two commodities fall on the domestic fuel market. However, this…
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Petrol, Diesel Prices To Stay Same; LPG To Go Down 5% – IES
31 May

Petrol, Diesel Prices To Stay Same; LPG To Go Down 5% – IES

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Prices of petrol and diesel are expected to stay the same in the first two weeks of June 2023. However, the price of Liquefied Petroleum Gas (LPG) is expected to decline by roughly 5% during the same period. According to the Institute for Energy Security (IES), this follows the Ghana cedi’s strong performance on the domestic forex market during the last two weeks, and the drop in the price of LPG on the international market, though international prices of the liquid products shot up. “The Institute for Energy Security’s (IES’) review of prices over the past two weeks as monitored…
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Fuel Prices To Fall Again From May 16 – IES
15 May

Fuel Prices To Fall Again From May 16 – IES

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Prices of petrol, diesel and Liquefied Petroleum Gas (LPG) are expected to fall marginally again at the pumps from tomorrow, May 16,2023, for the next 14 days. According to the Institute for Energy Security (IES), this is on the back of a reduction in prices of finished products on the world market and the stability of the cedi. Therefore diesel, petrol and LPG are expected to sell at ¢12.30, ¢12.15 and ¢12.12 respectively. “The Institute for Energy Security (IES) monitoring of prices over the past two weeks on the Global Standard & Poor (S&P) Platts platform indicate the prices of…
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Fuel Prices To Remain Steady Despite Fall In Global Prices – IES
02 May

Fuel Prices To Remain Steady Despite Fall In Global Prices – IES

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The Institute of Energy Security has projected that fuel prices may remain unchanged in the next pricing window despite the reduction in crude prices on the global market. This, according to the Institute, is due to the instability of the cedi against the dollar in recent times. Data from the IES Economic Desk on the domestic foreign exchange (forex) market over the last two weeks revealed that the cedi closed trading at ¢12.01 to the US dollar, from ¢11.55 at the start of the window. This led to a loss of about 3.98% in value. “Prices of all petroleum products…
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Fuel Prices To Fall Between 2% And 9% From April 1
29 Mar

Fuel Prices To Fall Between 2% And 9% From April 1

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Fuel prices will fall between 2% and 9% for the third consecutive time from April 1, 2023 with Liquefied Petroleum Gas (LPG) expected to witness its biggest decline in recent times. According to the Institute for Energy Security, LPG will go down by about 9%, whilst petrol and diesel will witness between 2% and 5% drop. The institute is attributing the drop to the stability of the cedi to the dollar and the easing of prices of finished products on the world market. “Fuel consumers must expect another round of fuel price drops in the coming days. The imminent price…
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Fuel Prices To Fall Between 3% And 10% – IES
15 Mar

Fuel Prices To Fall Between 3% And 10% – IES

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Fuel prices are expected to fall between 3% and 10% at the pumps, beginning tomorrow March 16, 2023, the Institute for Energy Security (IES) has projected. This follows a decline in the activities of price indicators in the last two weeks. The prices of all three key petroleum products – petrol, diesel and Liquefied Petroleum Gas (LPG) – are expected to fall. The IES said “the last two weeks has seen price indicators on both the domestic and international fronts falling and this can translate into some price reductions at the pumps for various petroleum products”. The domestic fuel market…
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Fuel Prices Drop Again; Petrol, Diesel Down By About 5%
16 Feb

Fuel Prices Drop Again; Petrol, Diesel Down By About 5%

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Some Oil Marketing Companies (OMC) have started reducing prices of petroleum products at the pumps from today, February 16, 2023. This is the second time fuel prices have been reduced this year. GOIL has reduced its prices. A litre of petrol is going for ¢14.50. This represents almost 5 percent reduction from the previous price. Diesel, on the other hand is going for ¢14.90, showing a price reduction by almost 3 percent per litre. The reduction is in line with the two week review in prices which has been influenced by a fairly stable cedi and prices of Petroleum Products…
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Fuel Prices To Fall Between 7% And 11% From February 16
15 Feb

Fuel Prices To Fall Between 7% And 11% From February 16

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The prices of petrol and diesel are expected to drop significantly between 7.1% and 10.8% at the pumps, from Thursday February 16, 2022. However, that of Liquefied Petroleum Gas (LPG) will go up for the next two weeks. According to the Institute for Energy Security (IES), petrol will sell at about ¢14.40 per litre, and diesel going for about ¢13.90 per litre in the coming days. But the price of a kilogramme of LPG may hinged up to sell at ¢14.70 before the close of second pricing-window for February 2023. The expected fall in petrol and diesel is due a marginal appreciation…
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