FUEL PRICES TO GO UP - IES

Institute for Energy Security (IES) has predicted an increase in the prices of fuel on the market in Ghana.

According to IES, this is due to the 11.5% increase in prices of International Benchmark- Brent crude, the 6.94% increase in prices of Gasoline, the 7.26% increase in Gasolineprices and the stability of the local currency
of fuel on the local market remained stable within the window under review. Prices of petroleum products within the second Pricing-window of November 2020 saw majority of Oil Marketing Companies (OMCs) maintaining prices of Gasoline and Gasoil.

“The current national average price of fuel per litre at the pump is pegged at GHc 4.61 For this Pricing-window, Zen Petroleum, Benab Oil, Star Oil and Alinco Oil sold the lowest price per litre of Gasoline and Gasoil at the pump according to IES Market-Scan,” IES said in a statement on Tuesday November