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"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…