Institute for Energy Security (IES)

The Institute for Energy Security (IES) is predicting between 7% and 13% jump in the prices of petrol, diesel and Liquefied Petroleum Gas (LPG), from February 1, 2023, for the next two weeks. This means petrol will sell at about ¢15 per litre, whilst diesel will go for over ¢17 per litre. According to the IES, the rise in domestic fuel prices, is due to the sharp depreciation of the cedi during the last two weeks and the rising international fuel prices as observed on the global S&P Platts platform. The energy think tank pointed out that the increase in…