The local fuel market in the first Pricing-window in June 2017 recorded interesting turn of events. Prices were projected by Institute of Energy Security () to rise up to 4% based on global oil market fundamentals. Puma Energy was the first Oil Marketing Company (OMC) IESto adjust prices upward but quickly had to backtrack due … Read more
The Institute for Energy Security (IES) has predicted a reduction in fuel prices at the pumps in the second fuel pricing window beginning June 16. Principal Research Analyst Richmond Rockson explained on Thursday June 15 that the forecast was based on consideration of the market indicators “like the Brent crude price which has dropped by … Read more
The local fuel market in the first Pricing-window in June 2017 recorded interesting turn of events. Prices were projected by Institute of Energy Security (IES) to rise up to 4% based on global oil market fundamentals. Puma Energy was the first Oil Marketing Company (OMC) to adjust prices upward but quickly had to backtrack due … 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
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