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Cedi loses stability against US dollar for first pricing window of December – IES

Fuel costs remained to a great extent stable for the main valuing window of December 2020. 


This is as per a survey by the Institute for Energy Security (IES). 


Oil Marketing Companies (OMCs) kept up costs of fuel and Gasoil at the siphon with a couple of them expanding their costs. 


The expansion in costs was because of worldwide turns of events. 


As of now, the public normal cost of fuel per liter at the siphon is GH¢4.57. 


As per IES' market examine, "Zen Petroleum, Benab Oil, Petrosol and Frimps Oil sold the most reduced cost per liter of gas and gasoil at the siphon." 


The Ghana cedi likewise lost its security barely against the US Dollar by 0.52 percent to exchange at a normal cost of GH¢5.79 over the principal valuing window for the long stretch of December. 


The IES, nonetheless, ventures that for the second evaluating window for the period of December, "attributable to the 7.06 percent expansion in costs of worldwide benchmark - Brent rough, the 7.5 percent expansion in costs of gas, the 9.3 percent increment in fuel costs and the 0.52 percent decay of the neighborhood money against the U.S. dollar," costs of fuel on the homegrown market will stay stable, as the finish of year merriments approach.

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Cedi Ghana Institute for Energy Security Oil Marketing Companies US Dollar

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