Prices of petroleum products are expected to fall further in the first pricing window of April, the Institute for Energy Security (IES) has said. Already, the prices have been reduced by oil marketing companies at the pumps twice in the second pricing window of March. The first reduction is attributed to “favourable market indicators” as … Read more
For the second time in March this year, GOIL has reduced prices of its petroleum products at its fuel stations across the country GOIL’s Super XP (petrol) has been reduced by five pesewas per litre while the price of Diesel XP (diesel) has also been cut down by five pesewas per litre effective Wednesday, 29th … Read more
CIMG Petroleum Company of the year, GOIL, has taken the lead to reduce its ex-pump prices of petroleum products again, the second before the end of the March window. A statement released in Accra said GOIL’s Super XP has been reduced by five pesewas per litre while Diesel XP also goes down by five pesewas … Read more
UK retail sales posted a 1.4% rise in February from the previous month, but there are signs that higher fuel prices have begun to hit shoppers’ pockets. In the three months to February, sales volumes fell by 1.4%, a sharper slide than the 0.5% decline for the three months to January. That was the biggest … Read more
It appears most of the Oil Marketing Companies (OMCs) have not reduced the prices of their petroleum products for the first pricing window in March. This is contrary to predictions that fuel prices will be reduced for the period. The Institute for Energy Security (IES), early this week, indicated that prices for petroleum products are … Read more
Ghana’s foremost indigenous Oil Marketing Company and CIMG Petroleum Company of the year, GOIL, has reduced its ex-pump prices of petroleum products in the second window of the month of March. A statement released in Accra said GOIL’s Super XP has been reduced by six pesewas per litre while Diesel XP goes down by four … Read more
Prices of petroleum products have dropped at the pumps by 2-3%, according to the Chamber of Petroleum Consumers. “Indications from some of the major downstream players point to some 2-3% reductions from current pump prices averaging around 4.320 across most OMCs. “The Cedi which has over the past weeks contributed to rising fuel prices in … Read more
Prices of petroleum products have dropped at the pumps by 2-3%, according to the Chamber of Petroleum Consumers. “Indications from some of the major downstream players point to some 2-3% reductions from current pump prices averaging around 4.320 across most OMCs. “The Cedi which has over the past weeks contributed to rising fuel prices in … Read more
Ghana has recorded a 13.2% in its year-on-year inflation for February 2017 being the lowest inflation recorded since December 2013. The figure represents a drop of 0.1% points, from the 13.3% recorded in January 2017. This is the fifth consecutive time that inflation has dropped since October 2016. The monthly change rate for February 2017 … Read more
The Institute for Energy Sector has predicted that prices of gasoline (Petrol) and gasoil (Diesel) at the pump are expected to fall by at least 3% in the last pricing-window in March 2017. In a press released signed by Richmond Rockson, Principal Research Analyst, Petroleum Unit of the IES, the increase in prices during the … Read more
Fuel prices is expected to fall by about 3% later this month. This is according to the Institute for Energy Security (IES). The IES projections comes at the back of drop of Brent crude, gasoline and gasoil prices on the world market. In the first pricing window of this month [March 2017], the markets recorded … Read more
Retail prices of petroleum products will from Thursday drop by a marginal three per cent at the various pumps across the country, and has been predicted to further go down in April this year, 3News can authoritatively report. The reduction in prices have been occasioned by the fall in crude oil prices on the world … Read more
Fuel prices will fall by three per cent later in the month on the back of the drop of Brent crude, gasoline and gasoil prices on the world market, the Institute for Energy Security (IES) has projected. According to IES, the first pricing window in the month of March 2017 closed with the market recording … Read more
Emmanuel Sogadji has a message for the government in Togo from people who are being squeezed by fuel price rises: “Enough is enough!” The consumer group he heads has given the administration two weeks to put the prices back to what they were, as the hike is “hitting households where it hurts”, he said. “The … Read more
The National Chairman of the Ghana Private Road Transport Union (GPRTU), Mr Kwame Kumah, has said there has not been any increase in transportation fares. He said recent increases in fuel prices had not yet precipitated any increase in transport fares. He said transport unions, taking cognisance of the fact that there was a new … Read more
National Chairman of the Ghana Private Road Transport Union (GPRTU), Mr Kwame Kumah, has said there has not been any increase in transportation fares. He said recent increases in fuel prices had not yet precipitated any increase in transport fares. He said transport unions, taking cognisance of the fact that there was a new government … Read more
The Ghana Private Road Transport Union and the Ghana Road Transport Coordinating Council say they have not officially increased transportation fares, despite reports of some increment by some drivers. Checks by 3FM at some lorry stations in Accra Friday showed between 10 and 15 percent increment in fares which has angered some passengers many of … Read more
The Ghana Private Road Transport Union (GPRTU) has dismissed claims by a section of the public that transport fares have been increased by 15 per cent. Robert Sarbah, Deputy National Chairman of the GPRTU, indicated that increments in transport fares were long overdue but the process had not been exhausted to sanction increments. Mr Sarbah … Read more
Some transport operators in the nation’s capital, Accra have increased their fares, a move that has been caused by an increase in fuel prices. Although there has not been an official confirmation of the hike by the Ghana Private Road Transport Union (GPRTU), the umbrella body for transport operators, Myjoyonline.com’s Austin Brakopowers visited the lorry … Read more
The Chamber of Petroleum Consumers (COPECGH) has charged relevant authorities in the country to ensure that unreasonable fuel price increments are curtailed. According to a press release signed and released by the Executive Secretary of COPECGH, Duncan Amoah, “The current spate of fuel price increases is simply unsustainable and must be a top priority for … Read more