Fuel prices will fall between 2% and 9% for the third consecutive time from April 1, 2023 with Liquefied Petroleum Gas (LPG) expected to witness its biggest decline in recent times. According to the Institute for Energy Security, LPG will go down by about 9%, whilst petrol and diesel will witness between 2% and 5% […]
The Institute for Energy Security (IES) projects that price of fuel on the domestic market at the various pumps are set to dip for the second pricing-window of August 2021. According to the IES, this is due to the various change in prices of the commodities on the international market is expected to affect local […]
The Institute for Energy Security (IES) says fuel prices are inching towards 24 Ghana Cedis per gallon. This was captured in its first pricing window projections for June 2019. A statement issued by the institute and signed by its research analyst, Mikdad Mohammed attributes the trend to a combination of international market prices as well […]
The Tema Oil Refinery has refuted allegations by the Institute of Energy Securities (IES) that it is being plunged into further troubled waters as it has incurred a loss of 24 million dollars mainly due to a drastic reduction in the prices of crude oil on the international market. A statement issued by TOR and […]
The Institute for Energy Security (IES) is predicting that the current freefall of the local currency will shoot the prices of fuel beyond 5 cedis per litre, explaining that world oil prices will be the catalyst on whose back the fuel hikes will come. A statement issued by the energy think-tank and signed by Mikdad […]
