Tag Archives: IES

The Institute for Energy Security (IES) has raised doubts over the claimant to the 600,000 barrels of Oil that arrived in Ghana on Friday from Russia. A release by the IES indicated that the consignment aboard the vessel MT Theseus is being stashed in Ghana as the pool of buyers …

Tema Oil Refinery (TOR) has not been operational since June 2018 due to lack of crude oil which serves as a raw material for the refinery. Aside from the inadequate crude oil in the country’s only oil refinery, TOR is faced with other challenges like broken equipment, piled debt, among …

Consumers of petroleum products in the country are expected to witness a reduction in prices between 10 percent and 8 percent from Thursday, December 1, 2022. The projection, made by the Institute of Energy Security (IES), will be the second consecutive period that will see consumers witness a reduction in …

The Executive Director of the Institute for Energy Security, Nana Amoasi VII, has described the government’s attempts to find more affordable petroleum products amid the economic crisis as wasteful and impossible. Speaking on The Big Issue, Nana Amoasi VII said the players in the petroleum sector would have utilised links to cheaper …

Fuel prices are expected to go up at the pumps mid-November, the Institute for Energy Security (IES) has projected. This is due to the significant depreciation of the Cedi against the American greenback, and the appreciable increase in Gasoil price on the international fuel market. [adrotate group=”2″] “In IES’ estimation, …

Ghanaians would be expected to pay more for fuel products come October ending. The predicted upward adjustment in fuel prices according to the Institute of Energy Security (IES) follows the decline of the cedi against the dollar. According to the Institute, the increase of price products on the international markets …

Consumers of petroleum products are expected to witness a slight drop in pricing in the coming days. This is according to a projection by the Institute of Energy Security (IES). The Institute attributed the marginal reduction in prices falling on the international oil market for gasoline and gasoil by 10.96 …

Pump prices of fuel have shot up 288 percent since January 2017 to date, according to data from the energy think-tank Institute of Energy Security (IES). In January 2017, a litre of petrol and diesel sold at GH¢3.65 and GH¢3.63 respectively, but now sells at GH¢11.32 and GH¢14.05 respectively, with …

The Institute of Energy Security (IES) has appealed to President Nana Addo Dankwa Akufo-Addo to intervene to rescue the Tema Oil Refinery (TOR) from folding up. The IES said TOR is at the moment saddled with huge debts, poor management and other challenges that must be tackled immediately. A statement issued by IES …

Fuel may see a significant increase in price from rising international prices and domestic shortages in the second pricing window of May, according to the Institute for Energy Security (IES). “For the rest of May 2022, the 7.64% rise in Gasoline price, 1.90% rise in Gasoil price, and the 6.05% …