Price of fuel shoots up to 6 percent

Price of fuel shoots up to 6 percent

With just 10 days to the year's end, fuel prices have shot up by six per cent at the various service stations across the country.

Price of fuel shoots up to 6 percent

The chamber of petroleum consumers Ghana says the increment is largely traced to the upward volatility of world market indexes over the past fortnight coupled with some marginal depreciation in the cedi against the other major trading currency, the dollar.

We are by this notice calling on the National Petroleum Authority to apply the necessary sanctions to OMCs and service stations that indulge in these nefarious and illegal acts with impunity in order to further boost the confidence in Ghana’s downstream petroleum sector for the benefit of all, the chamber warns.

It yet to be known if these hikes could see transport fares shoot up ahead of the festive season and even into the lead up to 2017.

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Price of fuel shoots up to 6 percent

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