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Friday 29 March 2024

2021-04-07

[N] As Majority Leader be circumspect with your utterances

2021-03-19

[I] Goldman Sachs staff revolt at ‘98-hour week’
[I] Over half of staff go back to workplace
[I] Health chiefs confirm Oxford-AstraZeneca Covid jab safe to use
[S] Kotoko Signs Second Brazalian Player
[N] It Is A Blatant Lie That I’ve Declared My Prez Ambition-Agric Minister
[S] Accra Mayor to change face of sports in Greater Accra
[S] Ambassador Lutterodt charges GOC prez to tackle Martha Bissah issue
[S] Ben Nunoo-Mensah hits ground running for GOC
[S] Black Stars to Engage Uzbekistan In International Friendly
[N] House of Chiefs calls for collaboration with MMDCEs for development
[N] Baby Harvesting: More suspects picked
[N] Police pledge commitment to bringing Sheikh Maikano’s murderers to book
[B] ARB Apex Bank admitted to Ghana-Sweden Chamber of Commerce
[N] Desist from starting race ahead of time - Obiri Boahen to NPP presidential
[N] Gov’t announces construction of five interchanges in Ashanti
[N] Controversial textbooks: NPP urges NaCCA to enforce rules without fear or favour
[N] Staff working on Tamale interchange call off strike
[N] Newly proposed taxes a huge hindrance to businesses’ recovery
[N] Government can’t take a unilateral decision on salaries for public workers
[N] Ghana records 2 new Covid-19 variants; experts call for immediate action

2021-03-17

[S] First GFA safety and security seminar takes place today
[B] NDPC holds consultation medium term framework for 2022-2025 in Oti
[B] More investments recorded in Western Region despite COVID-19
[N] Ghana records 698 COVID-19 deaths
[N] NDC’s Ofosu Ampofo behaves like a toddler – Allotey Jacobs
[S] Don’t tax sports betting, ban it – Ato Forson to government
[N] Ama Benyiwaa Doe slams Allotey Jacobs; says he has no influence
[N] Approving Akufo-Addo’s ministers ‘regrettable and unfortunate’ – NDC caucus
[S] Don't rush Satellites players, warns GFA coaching boss
[N] Eastern Regional Hospital detains 246 patients for non-settlement of bills
[N] COVID-19 vaccination in Ghana: 1,000 reports received on adverse effects
[N] Ignore reports of rift between local, foreign staff at AfCFTA secretariat – Govt
[N] Remain calm, support our leadership in Parliament – NDC Council of Elders
[N] Ghana hasn’t recorded any case of blood clots from COVID-19 vaccination – FDA
[N] 9-year-old boy burnt to death as stepfather sets house ablaze
[B] Budget cuts for legislature, judiciary won’t be entertained – Speaker
[I] Half of UK managers back mandatory Covid vaccines for office work
[I] Brussels to propose Covid certificate to allow EU-wide travel

2021-03-16

[I] Nick Candy leads £1m drive to oust London mayor Sadiq Khan
... go Back
 
Business

[ 2017-03-21 ]

Some OMC’s reduce fuel prices in line with recent tax cuts
Four major oil marketing companies have all
dropped price of petroleum products at the pumps
again in line with removal of some taxes on
petroleum products last week by government.
This is the second time, in just four days that
the major oil firms - Goil, Total, Shell and
Allied - have reviewed prices, as picked up by
JOYBUSINESS.

The first instance was on last Thursday, March
16 which was in line with the normal two weeks
price review and the second, which happened March
20 as a result of the removal of excise duty and
reduction of special tax rate on petroleum, from
17.5 to 15 percent.

The review has resulted in the price of a litre of
petrol and diesel go down between 1 to 4 percent.

A check at the pumps reveals Goil is now selling
a litre of Super at GH4.18 and Diesel GHC4.17
while Shell sells a litre of Super for GH4.18 and
Diesel GH4.17.

Total Ghana -sells Super at GH4.18 and Diesel at
GH4.15pesewas. Another player Allied charges
consumers GH4.18 for a litre of Super and GH4.17
for Diesel. 

The development will result in a gallon
diesel from any of these major oil firms being
sold between GH18.67 or GH18.73.

A gallon of petrol should be sold at around
GH18.81 so if it takes about 10 gallons to fill
your tank, then customers should expect to pay in
the region of GH188.10 following these reviews.

With these firms commanding more than half of
industry share, the other 88 OMC’s might be
forced to also reduce prices in the coming days.

But with crude prices expected to be reduced in
the coming weeks on the international market, and
the cedi expected to stabilise against the dollar
in the coming weeks, prices at the pumps could go
down again before the end of March. 

This development will reduce the cost of
operations for most businesses and cost of living
for individuals that had to up their fuel spending
budget.

It could also prevent the expected hike in
transport fares by the Ghana Private Road
Transport Union (GPRTU) by the end of March and
also influence any review in utility tariffs in
the coming weeks. 

Source - Myjoyonline.com



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