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Tag Archives: Fuel prices

‘Great cartel’ manipulating fuel prices – BOST staff warn gov’t

The Junior and the Senior Staff unions of the Bulk Oil Storage and Transportation Company Limited (BOST), have called on the government to move against what they describe as a cartel within the company sabotaging fuel prices. In a statement, the executives of the two unions stated that BOST is the only institution with the adequate infrastructure and the human resource capacity ...

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Mahama slams gov’t over ‘high cost’ of fuel

John Mahama

Former President John Mahama has criticized the Akufo-Addo government for its inability to stabilize the price of petroleum products to the satisfaction of Ghanaian consumers. Mr. Mahama also warned that the high price of fuel, particularly Liquefied Petroleum Gas, had long-term degrading effects on the environment because of the cheaper, but more destructive alternative of charcoal. Speaking at the latest in ...

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Special Petroleum Tax reduced by 2%

Parliament has passed the Special Petroleum Tax Amendment Bill to reduce the tax from 15 percent to 13 percent. The amendment comes after recent protests against the rising cost of fuel, as well as calls from the minority for the Special Petroleum Tax to be scrapped. Speaking to Citi Business News, a Deputy Finance Minister, Kweku Kwarteng, stated that making ...

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Fuel prices to rise by 2% in February – IES 

Prices of fuel may go up by 2 percent in the first pricing window in February, between February 2, 2018 and February 15, 2018. However, a swift intervention from government through the National Petroleum Authority (NPA)’s price stabilization mechanism could keep prices stable. The Institute of Energy Security (IES) which revealed this, further attributes the development to the constant rise ...

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OMCs maintain prices for first pricing window in January

Oil Marketing Companies (OMCs) have maintained their prices at the pumps for the first pricing window in January 2018. Checks by Citi Business News at some major oil marketing companies have shown that the prices of fuel were kept unchanged for the period spanning January 1, 2018 to January 15, 2018. A litre each of petrol and diesel is being sold at ...

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Fuel prices go up by 4% despite NPA’s assurances – COPEC

The Chamber of Petroleum Consumers, Ghana (COPEC), has raised concern with the latest increase in fuel prices despite the National Petroleum Authority’s (NPA) assurances that prices would remain fairly stable for the month of January. In a statement, COPEC said it checks had revealed that there has been a 4 percent increase in fuel prices at some pumps. “Fuel prices ...

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Petrol, LPG prices to remain stable at pumps – NPA

Prices of petrol and Liquefied Petroleum Gas (LPG)  will remain fairly stable at the pumps from January 1, 2018, the National Petroleum Authority (NPA) has announced. The NPA in a statement explained that, this is “in line with a drop in crude and petroleum prices on the world market, as well as stability in the exchange rate.” The Authority added that, ...

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#Ghbudget: Ghanaians demand fuel price reduction, jobs

Ahead of today’s [Wednesday] reading of the 2018 budget and economic policy statement by the Finance Minister, Ken Ofori Atta in Parliament, some Ghanaians have been speaking about their expectations, and how they expect it to influence their lives. Some Ghanaians who spoke on Eyewitness News on Tuesday, were hopeful for among other things, a drop in a number of ...

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Taxi drivers besiege Peace FM over fuel price hikes

Some angry taxi drivers on Wednesday besieged the premises of Accra-based radio station, Peace FM, to demand a reduction in the prices of petroleum products. The aggrieved Chairman of a union known as the Wisdom Taxi Union, Kwesi Arhin, lamented that life was considerably easier for drivers under the National Democratic Congress (NDC) government. “During former President John Mahama’s era, one ...

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Apologise for ‘deceiving’ Ghanaians on removal of fuel taxes – Minority

The Minority in Parliament has called on New Patriotic Party (NPP) government to apologize to Ghanaians for failing to honour their  campaign promise to reduce fuel prices. According to the Ranking Member on the Mines and Energy Committee of Parliament, Adam Mutawakilu, the NPP had been elected on the back of repeated promises to scrap ‘nuisance taxes’ imposed by the previous government, thereby reducing ...

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