John Abdulai Jinapor, Member of Parliament for Yapei Kusawgu has revealed that Fuel Marking Margin (FMM) has been increased as at April 14, 2023. In an April 14 post on his official Facebook timeline, he wrote: “The National Petroleum Authority has just increaesd the Fuel Marking Margin by a whopping 125%. “Expect …
Read More »Costly fuel, weak currency push up Kenya electricity price
Electricity price in Kenya has risen by 10 percent in the latest monthly adjustment due to higher fuel prices and a weaker local currency. The Energy and Petroleum Regulatory Authority (Epra) has raised the fuel cost charge (FCC) to Ksh8.3 ($0.064) per kilowatt-hour (kWh) up from Ksh6.59 ($0.051) per unit …
Read More »Driver in critical condition after fuel tanker accident at Gomoa Okyereko
A driver of a fuel tanker is battling for his life after his vehicle was involved in an accident at Gomoa Okyereko on the Kasoa–Winneba Highway in the Central Region. Police say the driver of the fuel tanker with the registration GT 3486-14 was coming from Accra to Mankesim, and …
Read More »VIDEO: Robber killed by speeding Range Rover after attacking fuel station
A member of a six-man armed robbery gang was knocked to death during an operation on a filling station at Gomoa Ojobi in the Central Region. The incident according to Despite Media’s Jacob Kubi occurred at about 9 pm on Friday, February 17, 2023, when the gun wielding gang attacked …
Read More »Suspected robber killed at Gomoa Ojobi after his gang attacked fuel station
A man suspected to be an armed robber has been knocked down and killed during an attack at a fuel station at Gomoa Ojobi. The now deceased person and his gang, numbering about six, with face masks, are reported to have attempted to snatch a Range Rover after robbing the …
Read More »OMCs have overpriced fuel for first pricing window of January – COPEC
The Chamber of Petroleum Consumers (COPEC) has stated that oil marketing companies have overpriced fuel for the first pricing window of January 2023. Detailing its projections and predictions for the first window, COPEC stated that fuel petrol should be sold at GH¢10.59 and diesel at GH¢12.84. COPEC, therefore, calls for …
Read More »Fuel prices begin to drop at various OMCs
Consumers of petroleum products are expected to witness a reduction in prices across the country from January 2, 2023. This comes after some major Oil Marketing Companies (OMCs) have begun to adjust prices downwards at various pumps. Checks by GhanaWeb Business to some OMCs showed that GOIL has reduced the …
Read More »Fuel prices to reduce significantly from January 1, 2023
The Institute for Energy Security has predicted a significant reduction in the prices of petroleum products from January 1, 2023. They attribute the reduction to recent stability in the cedi and the 5.28% and 5.09% fall in the prices of petrol and Liquefied Petroleum Gas. “Despite the marginal rise in …
Read More »Fuel tanker explosion kills 15 near hospital
At least 15 people have been killed, and about 40 injured, by a huge fuel tanker explosion near a hospital east of Johannesburg. The tanker appeared to have got stuck under a low bridge on Saturday morning in Boksburg city, about 100m from Tambo Memorial Hospital. Patients were evacuated from …
Read More »Fuel prices to go down from December 16
The Institute for Energy Security (IES) has projected a significant fall in prices of petroleum products beginning Friday, December 16, 2022. The IES indicates that the expected fall follows the continuous appreciation of the cedi against the US dollar in recent times and the continued price falls recorded on the …
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