Fuel Costs To Go Down Further By 8%
Some driving Oil Marketing Companies (OMCs) have started diminishing costs of some petroleum products at the siphons. Market pioneer, GOIL, has reported over 8% decrease in fuel costs. It has cut the cost of diesel by ¢1.50 to now sell at ¢14.60 per litre.
Fuel price start to drop at different OMCs.
Buyers of petroleum are supposed to observe a decrease in costs the nation over from 2nd January, 2023. This comes after some significant Oil Marketing Companies (OMCs) have started to change costs downwards at different siphons. Checks by GhanaWeb Business to some OMCs showed that GOIL has marked down the cost of it petroleum based commodities by around 8%.
Evening news: Fuel prices go further down in Ghana
Fuel prices at the pumps across the country have seen a slump on Monday, January 2. The prices reduced at the last review ahead of the Christmas festivities. Just two days into the New Year, major oil marketing companies (OMCs) have reduced their prices.
At the pump, gas prices have decreased by more than $2 a litre.
The country's largest oil marketing companies (OMCs) have begun lowering the cost of gasoline at the pump. The price of gasoline has dropped more than two dollars to $13.40 a litre, according to market leader GOIL. Additionally, the price of diesel has decreased from 18.86 to 16.10 per litre.
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.
Currently, petrol costs ¢18 per liter, while diesel costs ¢23
From this morning, November 1, 2022, a few Oil Marketing Companies (OMCs) have begun raising the price of petroleum products at the pump. The average price of petrol and diesel has increased from the previous prices of ¢15 and ¢19 per litre, respectively, to ¢18 and ¢23.
Breaking News: Reduction of fuel prices, check out which oil company and their new prices
From this morning, more Oil Marketing Companies (OMCs) are anticipated to revise petroleum product pricing lower (July 18, 2022). It comes after the final petroleum products' prices were reduced by the bulk oil distributors. Total Energies, one of the major market players, has already reduced fuel prices at the pump since last week.
Fuel Prices To Go Up Again- IES Projects 2 Percent Increase To Existing Prices
In the coming weeks, the prices of petroleum products on the local pumps in Ghana would shoot up. The projects as provided by the Institute of Energy Security (IES) says the expected rise will be 2 percent of the exiting prices of petroleum products. In an analytical report published by the IES's Policy Analyst, Fritz Moses, there are about three compounding factors contributing this rise in prices of oil commodities.
NPA Scandal: Dr. Mustapha Hamid Fights Back, Ropes In GRA
Sunday, 12th December 2021 In a CitizenOne publication on Sunday was a story of alleged scandal at the National Petroleum Authority (NPA). This story which came with the headline US BASED GHANAIAN JOURNALIST EXPOSES THE BIGGEST SCANDAL AT NPA UNDER MUSTAPHA HAMID was first done by the Loudsilence TV owner Mr. Kelvin Tailor.
Ghanaians react to the introduction of national retail outlet fuel monitoring system lunched today.
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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.
Restriction on development of LPG outlets lifted - NPA
Restriction on development of LPG outlets lifted - NPA Bureau has lifted the restriction on development of LPG outlets all through the country. This is contained in a letter addressed to the Chairman of the LPG Marketers Association of Ghana by the National Petroleum Authority (NPA) on August 3, 2022.
Fuel prices to hit ¢11 per litre from Wednesday, March 16 - The Expected Increase in Fuel Prices.
Prices of petroleum products will from Wednesday, March 16 experience a significant surge as consumers are expected to pay ¢11 per litre. The Bulk Oil Distributors has blame the situation on the volatility on the market as well as the rising cost of crude on the international market.
The increase of Fuel prices will rise to 11 cents per litre from today, Wednesday, March 16.
Petroleum goods will see a huge increase in price starting Wednesday, March 16, with consumers expected to spend $11 per litre. The scenario has been attributed to market instability as well as the increased cost of petroleum on the international market, according to Bulk Oil Distributors.
Donkor Urges Government To Tackle Fraudsters In Ghana's Petroleum Industry
Dr. Kwabena Donkor, a lawmaker for Pru East, has remarked that Ghana has permitted fraudsters and racketeers to infiltrate the petroleum sector in order to steal taxes before leaving. He requested that the government recoup from Oil Marketing Companies 650 million in petroleum taxes (OMCs).
Bawumia Does It Again; See The New Infrastructure Launched To Fight Corruption In The Oil Sector
The Vice President of Ghana, H.E Alhaji Dr Mahamudu Bawumia known as 'Mr.
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
IES predicts minor increment fuel costs
The Institute of Energy Security (IES) predicts that fuel costs will shoot up a piece in the period of September. This as per the establishment is because of the deterioration of the cedi against significant monetary standards. Peruse full proclamation beneath… Fuel costs on the nearby market stayed stable in the Pricing-window under audit. Oil based good costs inside the second Pricing-window of August 2020 saw most of the Oil Marketing Companies (OMCs) keeping up the costs of Gasoline and Gasoil.