Tag: Fuel

Mar282022 by Samuel AnsongNo Comments

Fuel prices to go down by ¢1 from April 1 – Chamber of Bulk Oil Distributors

Ghana News

The Ghana Chamber of Bulk Oil Distributors (COBD) has forecast an up to ¢1 per litre reduction in the price of petrol and diesel by April 1, 2022. This follows several engagements the COBD had with the Bank of Ghana (BoG) and stakeholders to fashion out interventions, aimed at reducing the prices at the various pumps. The Chief Executive of the Chamber, Senyo Hosi, says additional measures have been agreed upon and are expected to reduce prices by Friday. “The key thing that will really deal with the challenges we have will be the exchange rate interventions that government is looking at together with the Central Bank. Come April 1, 2022; we should be able to see a better position on petroleum prices. “We will be looking at something close to a cedi under litre or half a cedi u...

Mar242022 by Samuel AnsongNo Comments

Fuel prices reduced by 15 pesewas per litre

Ghana News

The government has decided to reduce margins in the petroleum price build-up by a total of 15 pesewas per litre with effect from April 1, 2022. The reduction in margins is expected to reduce prices of petrol by 1.6 percent and diesel by 1.4 percent. This is part of measures to help mitigate the impact of the rising price of petroleum products at the pump, for the next three months [April to June, 2022]. The Minister of Finance, Mr Ken Ofori-Atta announced this at a press briefing in Accra Thursday [March 24, 2022] afternoon. He was speaking on measures being instituted by the government to help address the current economic challenges. He gave the details of the reductions as, BOST margin reduced by 2 pesewas per litre, Unified Petroleu...

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