The Institute of Energy Security (IES) says his prediction of fuel price reductions in the second pricing window is due to a marginal decline in international market prices.
According to IES, the impact of government’s gold-for-oil policy which is intended to cushion consumers to purchase fuel at a cheaper price is yet to be felt.
IES in its prediction for the second pricing window projected that petrol will sell at about GH¢14.40 and diesel around GH¢13.90.
Explaining the decrease in fuel prices to Citi News, Research Analyst at the IES, Adam Yakubu said, “let me state that what we are reporting at the moment is not as a result of the gold-for-oil policy but as a result of international market indicators and the domestic performance of the forex”.
“But the government has also given indications that early weeks of March, we will be receiving more consignment from the gold-for-oil policy. So let me say that from now till the end of the window, we might not see much from the gold-for-oil policy. But we still call for government to give more details so that we input it in our computation”.
NAIMOS has intensified its fight against illegal mining at some parts of the Ahafo Region,… Read More
Former Finance Minister Ken Ofori-Atta is scheduled to appear before a court in the United… Read More
The Deputy Chief Executive Officer of the Gaming Commission of Ghana, Lamtiig Apanga, has advised… Read More
Renowned Ghanaian gospel music pioneer and founder of the Asomafo gospel ensemble, Yaw Sarpong, has… Read More
Former Forestry Commission official Charles Owusu has lauded former President John Mahama for demonstrating humility… Read More
The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has attributed the recent decline in… Read More