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
PUMA Energy, an integrated midstream and downstream energy company, on Friday launched a national consumer promotion campaign to commemorate its one year anniversary in Ghana and to also thank loyal customers for contributing to the company’s success. Dubbed “Puma Yenkor Nkoaa Campaign,” it aims at providing clean, high-quality and wonderfully low price fuel as well … Read more
Puma Energy, the global integrated midstream and downstream energy company, has contributed to the fight against infant and maternal mortality at the Komfo Anokye Teaching Hospital by donating generously to the “Save A Child, Save A Mother” campaign. The campaign been spearheaded by Mrs Rebecca Akufo-Addo, First Lady of Ghana – sought to raise an … Read more
The fast depreciation of the cedi against major currencies is responsible for the frequent increase in petroleum products in the country, a dealer and transporter of petroleum products has said. The implementation of deregulation has allowed Oil Marketing Companies (OMCs) to review prices of petroleum products every two weeks. Since the beginning of the year, … Read more
The Institute for Energy Security (IES) has said the relative stability for the price of Brent Crude, and global prices for gasoline and gasoil points to the stability of local fuel prices but “the only variable that threatens the stability of prices on the local market is the steep decline in the value of the … Read more
The Institute Energy Studies (IES) has published its bi-weekly forecast of the petroleum market, projecting that petrol and diesel prices will remain ‘fairly stable’ in the first November pricing window. “With the marginal reduction in national fuel stock, the marginal appreciation of the Ghana Cedi against the U. S. Dollar, the up to 3% increase … Read more
Within the first week of the second pricing-window for September 2016, petrol and diesel prices fell by an average of 0.78% and 0.84%, respectively. Three Oil Marketing Companies (OMCs) namely: Puma Energy, Glory Oil and Frimps Oil effected these changes, the Institute for Energy Security (IES) has said. The Institute said on Monday, 3 October, … Read more
The Institute for Energy Security (IES) projects petrol prices to rise marginally whilst diesel price on the local market remain stable for the next Pricing window which takes effect from Saturday 1st October 2016. IES bases its projection on Platts prices which saw an upward adjustment of petrol while diesel remain fairly stable, and the … Read more
As a major fuel supplier in Africa, Puma Energy says it welcomes Public Eye’s call for a tightening of fuel quality specifications in African countries, and will continue to support cooperation between governments and industry to achieve this goal. Puma’s comment follows a revelation by the Swiss NGO through a three-year research project that importation … Read more