• About us
  • Donate
  • WADR
  • Contact us
  • Live Stream
Thursday, May 29, 2025
Loud Silence News
Advertisement
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
No Result
View All Result
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
No Result
View All Result
Loud Silence News
No Result
View All Result
Home Ghana News Ghana Business

Fuel prices expected to go up again from Wednesday

News Reporter by News Reporter
March 14, 2022
in Ghana Business
0
40
SHARES
223
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

Prices of petroleum products are expected to shoot up by at least 5 percent from Wednesday, March 16, 2022, the Institute for Energy Security (IES) has projected.

In its projections for the March, 2022 Second Pricing Window, which will take effect from March 16, 2022, to March 31, 2022, the IES said the price of Liquefied Petroleum Gas (LPG) will go up by 3 per cent whereas petrol and diesel would go up by 5 per cent and 9 per cent respectively.In an interview with the Ghana News Agency, Mr. Fritz Moses, Research Analyst, IES, attributed the projected increment in prices of petroleum products to what he described as the “sharp” rise in fuel prices on the international market and “sharp” depreciation of the Cedi against the US Dollar in the just-ended window.Currently, petrol and diesel are selling at an average of GH¢8.2 per litre at the pumps.

You might also like

Cedi loses value for about 25.8% against the Dollar – BoG report

High taxes crippling our businesses – Ghana Hotels Association cries

No More Talks, when fuel prices increase we will also increase fares – Commercial drivers

Before March 1, 2022, petrol and diesel traded at an average GH¢7.50 per litre, representing an increment of 8.6 per cent in the just-ended pricing window.

If the IES’ projections should materialise, then petrol would sell at an average GH¢8.60 per litre while diesel would trade at an average GH¢8.90 per litre by the end of the month.

LPG on the other hand is currently selling at an average of GH¢9.76 per kilogramme, meaning that a 14.5kg cylinder costs GH¢140.

Should prices of LPG go up by 5 per cent as projected, it means that consumers would be required to pay GH¢147 to fill a 14.5kg cylinder.

In the March, 2022 First Pricing Window, the IES found that the Cedi depreciated by 4.82 per cent to close at GH¢7.17 to the Dollar from the earlier window’s rate of GH¢6.85 to $1.

With respect to the cost of fuel on the international market, the Institute found that the price of the international benchmark Brent Crude rose to 14-year highs within the period under assessment, reaching an average of $112.87 per barrel and representing an increase of 19.95 per cent over the previous window’s average price of $94.10 per barrel.

“As a result of Russia’s invasion of Ukraine, the volatility of oil prices has grown, highlighting the importance of oil and gas to the global economy as well as the risks associated with supply disruptions,” it said.

Previous Post

81.6% of Ghanaians want E-Levy cancelled

Next Post

Bloody Weekend on Ghanaian Roads as yet another accident is recorded at Patasi Mango Down-Kumasi

News Reporter

News Reporter

Related Posts

Cedi loses value for about 25.8% against the Dollar – BoG report
Ghana Business

Cedi loses value for about 25.8% against the Dollar – BoG report

by News Reporter
November 27, 2023
High taxes crippling our businesses – Ghana Hotels Association cries
Ghana Business

High taxes crippling our businesses – Ghana Hotels Association cries

by News Reporter
October 23, 2023
No More Talks, when fuel prices increase we will also increase fares – Commercial drivers
Ghana Business

No More Talks, when fuel prices increase we will also increase fares – Commercial drivers

by News Reporter
November 3, 2022
4More To Do More: Prices of coffins and caskets in Kumasi to increase from next week
Ghana Business

4More To Do More: Prices of coffins and caskets in Kumasi to increase from next week

by News Reporter
November 3, 2022
Ghana’s 2023 Budget To Delay Because Ofori Atta Gave wrong Figures to IMF
Ghana Business

Ghana’s 2023 Budget To Delay Because Ofori Atta Gave wrong Figures to IMF

by News Reporter
November 3, 2022
Next Post

Bloody Weekend on Ghanaian Roads as yet another accident is recorded at Patasi Mango Down-Kumasi

Recommended

American Congressman Hank Johnson calls Kennedy Agyapong a Liar for falsely claiming he Apologized to him over issues surrounding the gruesome Killing of Ahmed Suale

American Congressman Hank Johnson calls Kennedy Agyapong a Liar for falsely claiming he Apologized to him over issues surrounding the gruesome Killing of Ahmed Suale

September 2, 2021
Coronavirus pandemic: Updates from around the world

Coronavirus pandemic: Updates from around the world

May 4, 2020

Categories

  • African Business
  • African Education
  • African Health
  • African News
  • African Politics
  • African ShowBiz
  • Education
  • Ghana Business
  • Ghana News
  • Ghana ShowBiz
  • Ghana Sports
  • Human Interest Stories
  • News
  • Opinion
  • People
  • ShowBiz
  • Social Trends
  • US Business
  • US Education
  • US Health
  • US News
  • US Politics
  • US Showbiz
  • WADR
  • World Business
  • World News
  • World Politics
  • World Showbiz
  • World Sports

Don't miss it

The Deceptive Life of William Anarfi Sarpong – A Con Artist and Fraudster
Ghana News

Quack Dr. Wask, From Petty Criminal to Gold Fraudster – A Tale of Deception and Danger

March 15, 2025
The Deceptive Life of William Anarfi Sarpong – A Con Artist and Fraudster
Ghana News

The Deceptive Life of William Anarfi Sarpong – A Con Artist and Fraudster

March 14, 2025
The Deceptive Life of William Anarfi Sarpong – A Con Artist and Fraudster
News

The Deceptive Life of William Anarfi Sarpong – A Con Artist and Fraudster

March 14, 2025
NDC unveils campaign team for 2024 General Elections
Ghana News

NDC unveils campaign team for 2024 General Elections

June 19, 2024
A.G Godfred Dame has engaged me at odd hours to implicate Ato Forson – Richard Jakpa
Ghana News

A.G Godfred Dame has engaged me at odd hours to implicate Ato Forson – Richard Jakpa

May 23, 2024
Artiste Profile: Frank Cole aka Zyon Ovkin
Ghana ShowBiz

Artiste Profile: Frank Cole aka Zyon Ovkin

April 20, 2024

About Us

LOGO

Loud Silence Radio & TV Network and is a multi media production company focusing on Ghanaian and African news.

Contact

  • Alexandria, Virginia, USA
  • +1 212-602-9641
  • loudsilenceradio@gmail.com
Facebook Twitter Youtube Linkedin

Download App

google play store

© 2021 Loud Silence Media. All rights reserved.

  • About us
  • Contact us
  • Donate
  • Live Stream
  • Privacy Policy
  • Terms of Use
Menu
  • About us
  • Contact us
  • Donate
  • Live Stream
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Ghana News
    • General News
    • Business
    • Education
    • Opinion
  • US News
    • Business
    • Health
    • Human Interest Stories
    • Politics
    • Education
  • Africa News
    • Business
    • Education
    • Health
    • Politics
  • ShowBiz
    • Ghana ShowBiz
    • US Showbiz
    • African ShowBiz
    • World Showbiz
  • Editorials
    • People
  • World News
    • Politics
    • Business
    • Education
    • Health
  • Sports
    • Ghana Sports
    • World Sports
  • WADR
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.