Institute for Energy Security

16 Jan

Fuel Prices To Go Up Between 5% And 9% Barring Government Intervention

wontumionlineBusinessInstitute for Energy Security, petroleum products

Barring any government intervention, fuel prices will go up between 5% and 9% per litre from January 16, 2023 at the pumps. This will be the first time in a month that prices of petroleum products will increase. According to the Institute for Energy Security (IES), the expected surge in fuel prices is as a result of the rise in the prices of the petroleum products on the international market and the depreciation of the cedi. “Following the 8.69% rise in the price of gasoline [petrol] and 2.19% in the price of LPG [liquefied Petroleum Gas], together with the 9.89%…

30 Sep

Cedi Depreciation May Force Marginal Increase In Price Of Petrol, LPG From October 1, 2022

wontumionlineBusiness, UncategorizedDiesel, gasoline, Institute for Energy Security, LPG, Nana Amoasi

The 4.26% depreciation of the cedi in the last two weeks may force prices of petrol and Liquefied Petroleum Gas to go up from Saturday, October 1, 202, the Institute for Energy Security has projected. The price of diesel may however stay same. Chief Executive Officer of the IES, Nana Amoasi, told Joy Business that despite the 8.41% percent fall in the price of Brent crude on the international market in the last two weeks, the cedi depreciation within the period is too much to bring prices of petrol and LPG down. “The Cedi depreciation of 4.26% is enough to…