Primary Distribution Margin News Today

"The imminent increases are largely due to increases in price of petrol on the international market by about 1.75% whilst diesel goes up by 6.02% with crude price increasing by 1.39% from the mean price of $81.30/barrel to $82.43/barrel. The forex or dollar exchange rate has also increased by 2.16% from a previous average of GH¢12.01603 to GH¢12.4230 per $1".

The global oil market currently is characterised by the ongoing geopolitical tensions, post-pandemic challenges, supply chain issues and rising inflation, resulting in price hikes, Mr William Owuraku Aidoo, a Deputy Minister of Energy, said on Wednesday. Mr Aidoo said this on the floor of Parliament in his response to an…

Fuel Prices To Remain Stable — IES Projection

Fuel prices are likely to drop marginally between 3 t0 5 per cent in the coming days, the Institute for Energy Security (IES) has projected. In its Projections for the April 2022 First Pricing Window (April 1 to April 16, 2022), the Institute attributed the expected marginal drop in fuel…

The Ghana Private Road Transport Union (GPRTU) says the Government’s 15-pesewa reduction in fuel prices will not have any significant impact on their businesses. The Union said given the rate at which fuel prices had shot up over the period, it had projected a reduction of not less than GH₵2…

The ex-pump prices of petrol and diesel are likely to drop by 1.6 per cent from April 1, 2022, following a decision by the Government to reduce the margins on fuel by 15 pesewas per litre for the next three months. Addressing a press conference in Accra on Thursday, Mr…

Date: May - 06 - 2021 , 09:46 BY: Emmanuel Bruce • Mr Edwin Alfred Provencal - CEO, BOST The Bulk Oil Storage and Transportation Company Limited (BOST) has cleared all of its GH¢237 million debt owed some domestic banks in the country. The money, which was owed GCB Bank, Fidelity Bank, UMB Bank and UBA Bank, was paid through government’s intervention, internally generated funds and the upward adjustment of the BOST margin. In a release issued by BOST, the company noted that it had also pa...

  The Head of Corporate Communications and External Affairs for Bulk Oil Storage and Transportation (BOST) Company Limited, Mr Marlick Adjei has debunked the release from the stables of the Institute for Energy Security (IES) regarding BOST increased margins. From the release of the Institute for Energy Security (IES), a respected civil society organization, it is asking the government for a withdrawal of the purported upward adjustments in the margins as the petroleum margins were reviewed th...

By Eric Nana Yaw Kwafo LISTEN FEB 8, 2021 The Institute for Energy Security (IES) has noted that there would have been an increase in the price of domestic gasoline if not for the global Coronavirus (Covid-19) pandemic. According to the organization that focuses on the nexus between energy demand and energy supply, Ghana in the past decade witnessed a 347 percent increase in the price of Gasoline (Petrol) and a 338 percent increase in Gasoil (Diesel) price at the pump. While they attribute...

Over the past decade (2010-2019), Ghana has seen a 347 percent increase in price of Gasoline (Petrol) and a 338 percent increase in Gasoil (Diesel) price at the pump, largely because of Cedi depreciation, taxes and levies.