Petrol Archives - Wontumi Online

03 Sep

Africa’s Largest Oil Refinery Set To Start Producing Petrol

Wontumi1BusinessAfrica's Largest Oil, Petrol

Africa’s largest oil refinery is on the brink of producing significant volumes of gasoline, a landmark moment with the potential to transform the global market for the fuel. Nigeria’s giant new Dangote facility near the commercial hub of Lagos is on the verge of producing large amounts of the road fuel, according to two people with knowledge of the matter. The plant will be able to process 650,000 barrels a day of oil when at full capacity, turning more than half of that into gasoline. The ramp up is likely to be welcomed within the country, given that the state…

30 Nov

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

Wontumi1BusinessDiesel, IES, LPG, Petrol

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…

14 Sep

Diesel, LPG Prices To Go Up 1%, 4% From September 16, 2023 – IES

Wontumi1BusinessDiesel, OMCs, Petrol

Prices of diesel and Liquefied Petroleum Gas (LPG) are expected to go up by 1 and 4 percent respectively from Saturday, September 16, 2023, the Institute for Energy Security (IES) has projected. However, the price of petrol is likely to remain unchanged during the second pricing window. “The impending increases are coming on the back of an increase in international market price of gasoil by 3.33% and LPG by 2.95%, coupled by a 0.97% depreciation of the Ghana cedi against the U.S. dollar on the foreign exchange market. By range, gasoil and LPG prices are expected to go up by…

31 Jul

Fuel Prices Expected To Go Up By 9.0% From August 1, 2023 – COPEC

Wontumi1BusinessCOPEC, Diesel, LPG, Petrol

Fuel prices are expected to go up from tomorrow August 1, 2023, the Chamber of Petroleum Consumers (COPEC) has disclosed. According to the Chamber, the prices of petrol and diesel are likely to increase averagely by about 9.0% over the current mean price of ¢11.90 per liter, whilst the price of Liquefied Petroleum Gas (LPG) goes up by about 20.0%. Petrol will therefore sell at ¢13.27 per liter, whilst diesel will go for ¢13.93 per liter. A 4.5 kilogramme LPG cylinder, is expected to sell at ¢170.91 within the window. All pump prices are expected to be within ±5% error…

31 May

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

Wontumi1BusinessDiesel, IES, LPG, OMCs, Petrol

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…

15 May

Fuel Prices To Fall Again From May 16 – IES

Wontumi1BusinessCEDI, Diesel, IES, LPG, Petrol

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…