LPG Archives - Page 3 of 3

15 Feb

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

wontumionlineBusinessCEDI, Diesel, IES, LPG, Petrol

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…

30 Jan

Fuel Prices To Increase By 7%-13% From February 1, 2023 – IES

wontumionlineBusinessCEDI, Diesel, fuel prices, Institute for Energy Security (IES), LPG, Petrol

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…

06 Jan

Government Must Intervene In LPG Pricing; Taxes Are Too Many – LPG Marketers

wontumionlineBusinessGabriel Kumi, LPG, LPG Marketers Association

The Liquefied Petroleum Gas (LPG) Marketers Association of Ghana wants government to intervene in the pricing of LPG in the country if it is to achieve its policy of 50% of the 31 million Ghanaians having access to safe, clean and environmentally friendly LPG by 2030 According to its Vice President, Gabriel Kumi, the pricing of the petroleum commodity cannot be left in the hands of the market forces of demand and supply. “LPG is a product with elastic demand. What that simply means is that the product is highly very sensitive. Any pesewa reduction in the price of the…

06 Jan

Reduce LPG Prices Now To Reflect Latest Pricing Window – COPEC Tells Marketers

wontumionlineBusinessCOPEC, Duncan Amoah, LPG

The Chamber of Petroleum Consumers (COPEC) Ghana is demanding a significant reduction in the prices of Liquefied Petroleum Gas (LPG), after prices of some petroleum products fell in the recent pricing window. The Chamber’s call is coming at a time prices of diesel and petrol went down by about 8% on January 1, 2023. However, prices of LPG remained unchanged. The LPG Marketers Association of Ghana has blamed the situation on high taxes But speaking to Joy Business, Executive Secretary of COPEC, Duncan Amoah said there is no justification for LPG prices to remain unchanged. “LPG should have seen the…

16 Nov

Price Of LPG To Shoot Up By 4%; Gasoil Price To See Marginal Drop – IES

wontumionlineBusinessGasoil, LPG

The Institute for Energy Security (IES) has predicted that the price of liquefied petroleum gas (LPG) on the local market will rise by 4%. The IES’ forecast comes after the significant jump in the price of liquefied petroleum gas (LPG) on the international market as well as the marginal stability in the local currency. Meanwhile, the price of Gasoline though rose marginally on the international market will not be enough to cause a price change domestically. “As a result, the IES foresees some stability in the price of Gasoline domestically. In IES’ estimation, Gasoil’s price per litre may see a…

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…

26 Sep

LPG Consumers Reverting To Charcoal Use Due To High Prices?

wontumionlineBusinesscharcoal, gas, LPG

Frequent adjustments in the prices of Liquefied Petroleum Gas (LPG) is gradually forcing some consumers of the product to return to the use of charcoal. The product has seen at least 44 percent increase between January and August, 2022. For the past eight years, Akosua Manu has been using LPG for cooking and other domestic use. She switched from charcoal use in 2010 due to the stress that comes with its usage and also its contribution to air pollution. The mother of two has since not regretted her choice. But the recent hikes in prices of the petroleum product is…

13 May

Abolish The Boarding School System” – LPG Central Regional Chairman Tells Education Minister.

wontumionlineNewsGhana, LPG, Minister for Education

Honorable Samuel Aryeequaye, the Liberal Party of Ghana’s (LPG)Central Regional Chairman and 2020 parliamentary candidate for Agona East, has called on Ghana’s Minister of Education, Hon. Yaw Adu Twum, to end boarding school system in the country. He told Nana Owoahene Acheampong of Atinka Fm in Accra yesterday that dismantling this system will ensure the seamless operation of the Free Senior High School policy while also strengthening the country’s second circle educational framework. According to him, the boarding school system increases the government’s financial burden by making the state accountable for energy bills and feeding these youngsters, undercutting the stated…

29 Apr

E-levy Will Fix Unemployment Crisis- LPG National Youth Organizer Says (VIDEO)

wontumionlineFeatured, NewsE-levy, Ghana, LPG, NPP

A National Youth Organizer for the Liberal Party of Ghana (LPG), Clement Boadu, has said that the electronic levy (e-levy) will help fix the unemployment crisis in Ghana. This comes after the host of Movement In The Morning Political Show, Oheneba Nana Asiedu asked of his opinion on the implementation of the e-levy come May 1st, 2022. He said “As a National Youth leader, I believe e-levy will support young entrepreneurs through the YouStart initiative which will help reduce the current state of unemployment among the youth. For the first time, we have the privilege to present our ideas for…