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Sunday 17 December 2017


[N] Akyem Asuom: Ursula Named Nkosuohemaa
[N] Funding for Free SHS not a problem -Assibey Yeboah


[N] E/R: Driver, 19, Jailed 8 Years For Kidnapping And Defiling Girl, 13
[N] Special Prosecutor could wait till 2019 if parliament misses 2017 passage
[N] Petroleum Revenue Mgt. Act breached for 7-yrs running – PIAC
[N] CEDTAG Strike action leaves colleges of education deserted
[N] Nduom is not presidential material -Maurice Ampaw
[N] Police blame Kasoa violent attacks on under-staffing


[N] GMA indicts gov't for failing to employ medical doctors
[N] Ministers are not allowed to use sirens; Police order immediate removal
[N] Stay focused and deal with your controversies – Nana Addo to Zoomlion Boss
[N] We will face criminals boot for boots with ‘Father Xmas’ Operation -Ken Yeboah
[N] Step aside – Group to NDC Chairmen
[N] School Feeding Coordinators Trade Insults Over Naabu & Otiko
[N] Major Mahama bill passed


[N] Free SHS: Ablakwa Donates Furniture to Schools
[N] Girls with excessive make ups may have ovary tumour – doctor
[N] Visitors pay GHc2 to see prisoners
[N] Consider our request to contest 2020 polls -NDC Chairmen to Mahama
[N] Colleges of Education still closed as talks over arrears fail  
[N] Economic policies paying off - Prez
[N] Cancer disfigures head of 2-year old, sticks mother with ˘12,000 bill
[N] There is corruption in police service- COP Ken Yeboah
[N] 3 arrested in Kumasi for robbing, raping victims


[N] Help Gov’t to achieve its revenue targets -Nana Addo to GHAPOHA
[N] NPA to close down 35 more high-risk LPG stations nationwide
[N] Uber adds Paid Wait Time; additional features for driver-partners
[N] ‘Bawumia is only confident, he knows nothing’- Minority
[N] A/R: Queen mothers grateful to 1st lady for KATH mother & baby unit
[N] If our bond was issued at 20% it would have been oversubscribed- Kwarteng hits b
[N] Tiger Eye F’dation Partners Klarity To Fight Corruption
[N] AG’s application against Indian businessman dismissed again


[N] Bawumia behaving like a ‘heartless’ serial caller – Ofosu Kwakye
[B] 2018 budget to improve domestic revenue collection
[N] 24,377 cattle, 225 owners registered in Kwahu
[N] New agency inaugurated to boost revenue collection in oil and gas sector
[B] New Drivers’ License to be launched today
[N] Tell the true African stories through your writings – Nana Addo to PAWA
[B] Investor uncertainty, others impacted energy bond  


[N] Sack Freddie Blay for defending Ayisi Boateng – Alhaji Sani
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[ 2017-05-17 ]

Fuel prices to drop in 2nd pricing window of May – IES
The Institute of Energy Security (IES) has
predicted an average drop of 1.03% percent in fuel
prices for the second pricing window.

According to IES, current developments across the
globe indicate that fuel prices will drop slightly
for the next pricing window in May.

World Oil Market Indices for Benchmark Brent crude
prices have been falling virtually every day for
the past 15 days which has reflected in some fuel
stations. Checks by the institution show that the
average price for Gasoline and Gasoil is GH3. 94
and GH3.90 respectively.

Principal Research Analyst at the institute of
Energy Security, Richmond Rockson who spoke to
Citi Business News said prices for petroleum
products will continue to drop for the second
pricing window in May.

“Going forward we should expect prices to come
down that is in this current window but in the
month of June that is the first window it will
depend on how strong the Ghana cedi is because
when you look at the world market prices are said
to stabilize for a while because production is
still on going like in the United States oil
production is still ongoing.”

Richmond Rockson however said the prices for
petroleum products in June will depend solely on
the strength of the cedi.

Basis for projections

With crude oil price falling by over 5%, Gasoline
and Gasoil prices dropping by approximately 8%,
fuel stocks capable of meeting over 4 weeks of
national demand, and the Ghana cedi remaining
fairly stable against the U.S. dollar consumers
can expect to get a break at the fuel pump.

Industry response

The local fuel prices recorded an average drop in
1.03% on Gasoline and Gasoil combined, during the
first 15 days of the month of May 2017.

Shell, Total, Goil, Puma, Lucky Oil and Frimps Oil
were among the few Oil Marketing Companies (OMCs)
to effect price drops at the pump over the past
weekend due to competition for market shares.

Source -

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