Petrol Archives - Page 2 of 2

15 Mar

Fuel Prices To Fall Between 3% And 10% – IES

wontumionlineBusinessIES, LPG, OMCSs, Petrol

Fuel prices are expected to fall between 3% and 10% at the pumps, beginning tomorrow March 16, 2023, the Institute for Energy Security (IES) has projected. This follows a decline in the activities of price indicators in the last two weeks. The prices of all three key petroleum products – petrol, diesel and Liquefied Petroleum Gas (LPG) – are expected to fall. The IES said “the last two weeks has seen price indicators on both the domestic and international fronts falling and this can translate into some price reductions at the pumps for various petroleum products”. The domestic fuel market…

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…

16 Jan

Petrol Now Sells At ¢13.90 With Diesel Going For ¢15.60 Per Litre

wontumionlineBusinessCEDI, Diesel, dollar, Oil marketing companies, OMCs, Petrol

Some Oil Marketing Companies (OMCs) have started increasing the prices of petroleum products at the pumps. The marginal increase is due to the depreciation of the cedi and the slight increase in the price of crude oil. It is the first in about a month. Now, the price of petrol per litre is going for about ¢13.90, from ¢12.40, whilst that of diesel is selling at about ¢15.60 per litre, from about ¢13.70. The prices are, however, slightly lower at some OMCs. It is unclear whether the price of Liquefied Petroleum Gas (LPG) will go up or remain stable. The…