{"id":135035,"date":"2015-07-16T06:28:35","date_gmt":"2015-07-16T06:28:35","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=135035"},"modified":"2015-07-16T06:30:57","modified_gmt":"2015-07-16T06:30:57","slug":"fuel-prices-to-go-down-today","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=135035","title":{"rendered":"Fuel prices to go down today"},"content":{"rendered":"<p>Oil Marketing Companies (OMCs) are expected to review downwards, the prices of petroleum products today [Thursday].<\/p>\n<p>The Chamber of Bulk Oil Distributors (CBOD) on Wednesday estimated that the reduction is<span style=\"color: #666699;\"> <strong><a style=\"color: #666699;\" href=\"http:\/\/4cd.e16.myftpupload.com\/2015\/07\/15\/fuel-prices-should-go-down-by-at-least-25-tomorrow-bdcs\/\" target=\"_blank\">likely to be pegged at 25%.<\/a><\/strong><\/span><\/p>\n<p>[contextly_sidebar id=&#8221;QbvaBHpoxNQAy1Ov7TqFnOmuBkFyaIza&#8221;]This reduction has been occasioned by the cedi\u2019s recent appreciation against its major trading currencies.<\/p>\n<p>Since the cedi began appreciating against the dollar, there has been<a href=\"http:\/\/4cd.e16.myftpupload.com\/2015\/07\/13\/reduce-fuel-prices-acep-to-omcs-bdcs\/\" target=\"_blank\"><span style=\"color: #666699;\"><strong> enormous pressure on the OMCs and the BDCs<\/strong> <\/span><\/a>to significantly reduce the prices of petroleum products which have gone up twice since June 15 when they were given the mandate to determine prices.<\/p>\n<p>However, the former CEO of the Volta River Authority (VRA), Dr. Charles Wereko-Brobby is demanding a least, a 23% reduction from the OMCs.<\/p>\n<p>He argued that the price indicators \u00a0of the Bulk Oil Distributors show a decrease of over 25% so \u201cif BDCs have dropped their price by 23% why are we not talking about 23% drop at the market place and why are we not talking about the fact that a cedi of two weeks ago is worth more than a cedi of today so maybe the OMCs should look at the value of their margins.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>By: Efua Idan Osam\/citifmonline.com\/Ghana<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oil Marketing Companies (OMCs) are expected to review downwards, the prices of petroleum products today [Thursday]. The Chamber of Bulk Oil Distributors (CBOD) on Wednesday estimated that the reduction is likely to be pegged at 25%. [contextly_sidebar id=&#8221;QbvaBHpoxNQAy1Ov7TqFnOmuBkFyaIza&#8221;]This reduction has been occasioned by the cedi\u2019s recent appreciation against its major trading currencies. Since the cedi [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":3058,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[],"tags":[43,22,38,4],"class_list":["post-135035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-foresight-medical-center","tag-medcirclesgh","tag-palaver-newspaper","tag-st-augustines-college"],"_links":{"self":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/135035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=135035"}],"version-history":[{"count":0,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/posts\/135035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=\/wp\/v2\/media\/3058"}],"wp:attachment":[{"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=135035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=135035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/citifmonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=135035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}