Fuel prices to increase from next week; 1litre to go for GH¢5.00

Fuel prices to increase from next week; 1litre to go for GH¢5.00

- Fuel prices are expected to go up by over 2 percent per litre starting next week

- The increase is based on figures provided by the Bulk Oil Distribution Companies

- The new selling price is GH¢5.00 per litre while the old price is GH¢4.85

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Increase in fuel prices have become so rampant that most transport owners have learnt to live with the occasional rise in prices.

News reaching YEN.com.gh indicates that fuel prices are expected to go up by over 2 percent per litre starting next week across various pumps in the country.

In a report filed by Ghanaweb.com, the increase is based on figures provided by the Bulk Oil Distribution Companies.

Fuel prices to increase from next week; 1litre to go for GH¢5.00

Fuel prices to increase from next week; 1litre to go for GH¢5.00
Source: Original

Some major pumps across the country are currently selling at the new price, GH¢5.00 per litre while others are still selling at the old price, GH¢4.85.

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Ahead of the next week’s increment, the Institute for Energy Security (IES) had projected fuel prices on the local market to increase marginally in the first pricing window of January 2021.

According to the IES, for the period under review, fuel prices have appreciated locally.

“Price of petroleum products within the second Pricing-window of December 2020 saw majority of Oil Marketing Companies (OMCs) increasing prices of Gasoline and Gasoil at the pump,” the IES earlier explained.

Additionally, many oil producers are facing unparalleled challenges balancing supply and demand equations amid renewed lockdowns as a result of the Coronavirus pandemic.

Shifting to parliament, some members of the house tested positive for the deadly COVID-19 scourge, Speaker, Alban Bagbin, has disclosed.

“We are not disclosing those who are now Covid-19 victims. But we have some of us in that category,” Bagbin told the House on Friday, January 29, 2021.

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The Speaker also expressed outrage his directive for all lawmakers to take the COVID-19 test is not being complied with.

YEN.com.gh understands that over 60 legislators have not complied with the Speaker’s instructions.

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Source: Yen

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