• About Us
  • Contact Us
Account
GTB
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
No Result
View All Result
Account
Ghana Talks Business
No Result
View All Result

Fuel prices to fall in the second pricing window of August – IES

18/08/2021
Reading Time: 2 mins read
fuel price hikes
0
SHARES
Share on FacebookShare on TwitterShare on WhatsApp
The Institute of Energy Security (IES) has announced that fuel prices at the various pumps will witness a dip in the second pricing window of August 2021.

According to the Institute, the projected dip in prices stems from the “1.49% reduction in the prices of the International Benchmark-Brent Crude, the 2.17% decrease in the price of Gasoline, the 1.77% decrease in gas oil price and the marginal depreciation of 0.17% of the local currency against the US Dollar.”

Despite the projected price fall, IES noted that larger local market shareholders like GoiL, Shell, and Total may balance the downward price adjustment with their prices causing no great significance.

ALSO READ: Fuel prices still ticking up – 5 helpful tips to save you money

First pricing window
The IES explained that from the first pricing window in July, Oil Marketing Companies (OMC’s) continued to maintain prices at the pump with the current national average of gas and gasoline pegged at GH¢5.97 per litre.


“Price of petroleum products within the first pricing window of August 2021 saw the Oil Marketing Companies continue to maintain prices at the pump from the first pricing window of July. The current national average price of fuel per litre at the pump remains pegged at GH¢5.97 for both Gasoline and Gasoil on account of the relative price stability.”

OMC’s such as Zen Petroleum, Benab Oil, Cash Oil, Goodness Oil, Top Oil, and Frimps Oil reportedly sold the least-priced fuel on the local market.

On the international scene, the international benchmark for Ghana, Brent Crude saw its price on average terms selling at about US$72.10 per barrel, a decrease from the previous window’s average price of US$73.19 per barrel.

The IES stated that the price fall was a result of the fears in the surge of COVID-19 cases spurred by the Delta variant. China’s rising cases have particularly been of concern since China is the world’s largest importer of oil.


Previous Post

The State of the Investment Industry; What next after the Clean Up

Next Post

Bank of Ghana and Kwadwo Safo Junior win big at the African Business Leadership Awards (ABLA)

Related Posts

MostBet Registration Bangladesh

29/12/2023

28/12/2023

Праздничные подарки от 1 win насладитесь Новым Годом с дополнительными выгодами!

22/12/2023

How does the sizing of sp5der clothing run

22/12/2023

Azərbaycanda rəsmi sayt

20/12/2023

Mostbet Casino Azərbaycan üçün imkanlarını təqdim edir

20/12/2023
Next Post
African Business leadership awards

Bank of Ghana and Kwadwo Safo Junior win big at the African Business Leadership Awards (ABLA)

Technology, ghanatalksbusiness.com

New Tech Your Business Needs

  • About Us
  • Disclaimer
  • Privacy Policy
  • Advertising
  • Contact Us

© 2023 Ghana Talks Business

No Result
View All Result
  • Home
  • News
  • Premium
  • Business
  • Personal Finance
  • Lifestyle
    • Travel
    • Health
    • Retail/Fashion
  • Podcast
    • Business Chat
    • Retiring Richly
    • Sika Nkommo
  • Videos
  • Analysis/Features
  • Login

© 2023 Ghana Talks Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In