Tag Archives: PETROL

Several oil marketing companies  (OMCs) have started lowering the prices of petroleum products at their pumps, effective today, September 2, 2024. Market analysts attribute the recent price reductions to a combination of factors, including the slowing depreciation of the Ghanaian cedi against the US dollar over the past two weeks, …

The Institute for Energy Security (IES) has predicted a downward trend in fuel prices for the first half of August 2024, driven by favourable international market conditions. According to the IES, this anticipated price drop is attributed to positive market dynamics globally. The institute predicts a 2-4% decrease in prices …

Parliament has by majority decision passed the Emissions Levy Bill which will among other things; charge all petrol and diesel car owners 100 cedis every year beginning in January 2024. The government is introducing this new tax bill in Parliament with the aim of promoting the use of eco-friendly sources …

Several African countries will in July be grappling with increased fuel prices as governments impose more taxes and drop subsidies, moves which, players in the industry argue, present both risks and benefits for the continent’s development. As Kenya doubles the value-added tax on petroleum products to 16 percent from July …

The Chamber of Petroleum Consumers (COPEC) has projected that the price of petrol may increase by 2 percent in the next pricing window that starts from April 16, 2023. According to COPEC, the projection is based on the increase in international benchmark pricing from $772.75 per metric tonne to $900.20 …

There has been an incessant increase in petroleum products – petrol and diesel in recent times amidst the high inflation in the country. Commercial vehicle drivers, following the sharp increase in fuel prices, reviewed transport fares higher. Some private car drivers have parked their cars to join public transport because …

The prices of petrol and diesel have been increased, again, at some fuel pumps in less than two weeks. For instance, at Petrosol, petrol is selling at GHS17.48 per litre while diesel is going for GHS19.89. Also, Engen is selling petrol at GHS17.54 per litre and diesel goes for GHS19.44. …

The usually bustling streets of Accra during the weekends became a thing of the past as the increase in oil prices compelled then-General Ignatius Kutu (I.K) Acheampong’s government to ban the use of petrol by private vehicles on weekends. The ban on October 22, 1975, was from 6.00 pm on …

Ghana’s Vice-President, Dr Mahamudu Bawumia, has announced plans by the government to transition from the use of fossil fuel to renewable energy by 2070. To that end, Dr Bawumia has called on stakeholders in the energy sector to accelerate the production and utilisation of oil and gas reserves in Ghana. …

The National Petroleum Authority (NPA) has locked three filling stations for dispensing fuel less than the quantity the consumer pays for in Sunyani in the Bono Region. The stations are; Frimps oil at Penkwase, the Goil station near Eusbett hotel and Engen, all in the Sunyani township. In the case …