Fuel Prices To Further Go Down From Friday
The Institute of Energy Security (IES) is projecting a further drop in the prices of petroleum products in the country from Friday, December 16, 2022. The IES says it is expecting fuel prices to go down due to the continuous appreciation of the Ghanaian cedi against the United State dollar in recent times as well as the price fall recorded at the international market over the first pricing window.
Fuel Prices To Drop Once Again In The Next Few Days - IES
The Institute for Energy Security (IES) forecasted a decline in the price of petroleum products, predicting that gasoline will start retailing at GHC9.50 a litre and diesel at GHC11.60 in the next few days. This comes after the prices of gasoline and liquefied petroleum gas (LPG) fell by 5.28 percent and 5.09 percent, respectively, while the cedi appreciated by 26.5 percent against the US dollar in the second pricing window of December 2022.
There will be No Reduction in Transport Cost anytime Now - GPRTU
The General Secretary of the Ghana Private Road Transport Union (GPRTU), Godfred Abulbire, announced that there will not be a drop in transportation costs anytime soon, dashing the aspirations of Ghanaians. According to the Institute for Energy Security (IES), petroleum product prices have decreased dramatically and are predicted to do so even more this Friday, December 16, 2022.
Ghanaians have higher expectations of Akufo-Addo – IES boss
Executive Director of the Institute for Energy Security (IES), Nana Amoasi VII has observed that the expectations of Ghanaians in the Akufo-Addo-led government is very high.He said on the Key Points on TV3 Saturday May 8 that the government may have done is work to ease the economic pressure on the people, but because of the high expectations, the government is always called upon to do more.
From January 1, 2023, fuel prices will drop significantly.
The Institute for Energy Security has anticipated a critical decrease in the costs of oil based goods from January 1, 2023. They property the decrease to late soundness in the cedi and the 5.28% and 5.09% fall in the costs of petroleum and Melted Oil Gas.
Transportation Fares Likely To Increase Because Of This
Transportation Fares Likely To Increase Because Of This There is an expectation that the prices of fuel are expected to rise by more than two percent per litre, starting from the subsequent week. The increment will cut across various pumps in the country. The anticipated increase in fuel prices will emerge on the basis of figures presented by the Bulk Oil Distribution Companies. This sudden increase in fuel prices will surely affect transportation fares for people who usually pick commercial vehicles. Fuel
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
IES To Ghanaians- Litter Of Fuel Would Be Sold At GHS7 In January.
The Institute for Energy Security (IES) has said consumers of fuel should prepare to buy a litre for GHS7 in the second pricing window of January 2022. After projecting an GHp18 increase for the first pricing window, the period saw an increase of fuel prices at the pump from Gh¢6.50 on average at most pumps to reach Gh¢6.70.
Fuel Costs Liable To Increase By 2% In Few days to come– IES
The Institute for Energy Security (IES) has indicated that fuel costs are probably going to experience an increment again following these factors not many days away. As indicated by the Institute, the new fuel price will be up to 2 percent. The IES said the expectation depends on the expansion in costs of oil based goods on the world market and the depreciation of the Cedi. "
Prices of petroleum products to go up by about 6%
Prices of petroleum products may go up by about 6%, beginning March 1st, 2022, if government fails to intervene in the rising price of crude oil. According to the Institute for Energy Security, the impending price increase shave been largely influenced by the sharp depreciation of the cedi against the US dollar.
Fuel Costs To Go Up In February - IES Projects.
IES says fuel cost will cross 7 cedis. The Institute for Energy Security (IES), is anticipating that costs of oil-based goods will increment at different siphons the nation over from February. As per them, this is a consequence of an upsurge in the costs of the products on the global market.
Costs of fuel to go up slightly– Institute for Energy Security
Costs of oil based goods are required to go up marginally from viable Tuesday, September 1. This is a result of increments in cost of Brent rough and refined item just as a slight deterioration of the cedi. "Thinking about the gratefulness in the costs of International Benchmark – Brent Crude (2.45%) and refined item – Gasoline (6.23%) also the 0.17% deterioration of the Cedi against the U.S. Dollar; the Institute for Energy Security (IES) anticipates costs of fuel on the neighborhood market losing strength
Dumsor will persist if cash flow problems of utility companies are not resolved – IES
The Institute for Energy Security (IES) is projecting delayed blackouts if the income issues of the service organizations are not tended to soon.As per Institute, the Electricity Company of Ghana and Northern Electricity Development Company (NEDCO) are making power misfortunes of about 30%.The country as of late has been confronting irregular influence supply, the most recent of which was the previous evening, a circumstance wholesalers credited to say the least at the Aboadze Ahomaso transmission line.
Fuel price to increase this month -IES
Fuel costs to expand this month – IES The Institute for Energy Security (IES) has extended costs of fuel on the homegrown market to encounter a sharp expansion in December. This is because of the 11.5% expansion in costs of International Benchmark-Brent unrefined, the 6.94% inrease in costs of Gasoline, the 7.26% incease in Gasoline costs and the soundness of the nearby cash. The following is the full assertion FUEL PRICES TO GO UP IN DECEMBER Neighborhood Fuel Market Performance Costs of fuel
Prices of petrol, diesel ad LPG to significantly go up – IES
Banishing any mediation from the government, costs of petroleum, diesel, and Liquefied Petroleum Gas (LPG) may in any case see a vertical change, starting today May seventeenth, 2022, the Institute for Energy Security has uncovered. As indicated by the energy think tank, the vertical modification of petroleum, diesel, and LPG costs might be huge, on the rear of rising global fuel costs, and the developing pockets of fuel deficiencies the nation over, albeit the cedi appreciated against the dollar in the beyond about fourteen days.