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

Wontumi1Business,
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

Wontumi1Business,
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

Wontumi1Business, , ,
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

Wontumi1Business, , , ,
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

Wontumi1Business, , , ,
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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IES predicts marginal decrease in cost of fuel for first pricing window in November
18 Nov

IES predicts marginal decrease in cost of fuel for first pricing window in November

Wontumi2Business
Consumers of petroleum products should be paying lower prices for fuel they purchase at the various pumps, for the next two weeks in November 2020. This is according to energy think tank, Institute of Energy Security (IES). IES, in a statement, attributed its prediction to the decrease in prices of International Benchmark- Brent Crude, the 2.62% decrease in prices of Gasoil, as well as the 0.17% appreciation of the local currency. “Owing to factors including the 4.44% decrease in prices of International Benchmark- Brent Crude, the 2.62% decrease in prices of Gasoil, the 6.07% decrease in Gasoline prices and the…
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