GhanaReview International - The Leading Ghanaian News Agency
London New York Accra
GRi Latest News
Sunday 25 June 2017

2017-05-26

[N] Adom FM’s ‘Y3gye y3 sika’ demo attracts over 2,300 protesters
[N] Gun attacks in Tema not robberies – Police
[N] Family of three electrocuted at Kpone
[N] Kufuor commends Raising Readers initiative
[N] Atuguba, Kumbour to speak at maiden revolutionary lecture series
[N] Two defiant galamseyers busted
[N] Fourteen Takoradi fire victims to be transferred to Interbeton
[N] Hajj: Fate of 452 pilgrims ‘left-behind’ in 2016 still hanging
[N] EOCO rescues seven girls
[N] Nana Addo jets off to Liberia today
[N] Don't beg for corrupt officials - President cautions  
[N] Leaked sex tape involving two SHS students goes viral
[N] Man shot in Wa

2017-05-24

[B] Employers’ Association proposes extension of maternity leave by 2 weeks
[B] Producer price inflation drops to 4.8%
[B] EU, GIZ to support skills development with €10.7m
[B] 6 concessionaires to start inspection of ECG assets - Ing. Owura
[N] Man grabbed over Kumasi murder
[N] End cycle of vindictive politics - Nyaho to Akufo-Addo
[N] Values of hard work and honesty fading - Chief Justice
[N] Finance Ministry gives clearance for allied health workers employment
[N] Learn from my mistakes; don’t buy tractors for farmers – Mahama to Akufo-Addo
[N] NDC foot soldiers benefit from LEAP
[N] Phone tracker leads to arrest of robber
[N] Re-arrest Delta Force 8 now - PPP
[N] CEO busted in $1.2m bribery scandal  
[N] Galamsey Queen goes ‘mad’
[N] Police issues crime alert
[N] Man kills sister-in-law
[N] BNI probes 3 Mahama appointees over $4m graft
[N] I was jailed 3 years because of Aisha Huang - Former aide
[N] MP begs Kumbuor over false ‘military galamsey’ claim
[N] Pregnant nurses protesting exam ban won't be victimized
[N] Ghana Gas helicopters not missing – Kwabena Donkor

2017-05-23

[B] Tullow eyes new fields beyond Jubilee & TEN
[B] ECG concession: bidders reduced to 6; MIDA sets eyes on financially viable bidde
[B] Former MP demands details on the 150 investors for ‘1-district, 1-factory'
[B] We need power to turn economy around – Agyarko
[S] Akufo-Addo's changes to ECG 'sale' agreement quite impressive - PUWU
[N] Kumbuor approved military protection for Ukraine, Russia galamseyers – MP
... go Back
 
Business

[ 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 - citibsinessnews.com



... go Back

 
Add YOUR View here

Ghana Review International (GRi) is published by Micromedia Consultants Ltd. T/A MCL - a wholly Ghanaian owned news agency. GRi is an independent publication and is non-aligned to any political party or interest group, within or outside of Ghana. It is a reliable source of information for Ghanaians and non-Ghanaians alike. This magazine will be of interest to any person with an interest in Ghana, Ghanaians and Africans, wherever in the world they live. This website is the on-line arm of the publication. It contains news and reviews on Ghana and the international communities.

All pages are © Copyright Ghana Review International (GRi) 1994 - 2016