Petrol and diesel prices are expected to go up marginally at the pumps in the first pricing window beginning May 1 until May 15, this year.
The Chamber of Petroleum Consumers (COPEC) is predicting that the prices at the pumps are expected to sell at GH¢ 9.538 per litre of petrol and GH¢ 10.829 per litre for diesel.
Comparatively, the average price then goes up by 19GHp per litre (1.94%) over that of the previous window, with petrol going up by 7GHp per litre, representing 0.7%, and diesel also being up by 32GHp per litre, representing three per cent.
This will bring the average price of petrol and diesel for the next window to be at GH¢10.183 per litre.
On the other hand, Liquefied Petroleum Gas (LPG) is likely to be sold around GHȼ10.093 per kilogramme, showing a reduction of about 21GHp or two per cent over that of the previous window.
Global effect
In a release copied to the Daily Graphic yesterday, it said the changes were reflective of the regular fuel price changes per window, changes to international fuel prices, the applicable dollar-exchange rate and the taxes on fuel.
“At the current average crude price of $104.56 per barrel, resulting in $1,057.44 per metric tonne for petrol and $1,138.33 per metric tonne for diesel on the international market, coupled with the exchange rate of 1$: GH¢7.8165 and the government’s tax rebate of 15GHp per litre still in place, COPEC is expecting the ex-pump prices of fuel for the next pricing window, from May 1 to May 15,” the release said.
It said considering no sudden jerks in crude oil pricing, which could lead to changes in petrol and diesel prices on the international market, then the ex-pump prices were expected to be within the projected figures for the next window.
“The expected increase in fuel prices is primarily due to the fallen dollar exchange rate and increase in prices of finished products (Petrol and Diesel) on the international market despite the fallen crude price.
Source: graphic.com.gh
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HERE IN NORTH AMERICA THEY NEVER REMOVE TAXES ON FUEL AND THEY DO NOT SUBSIDISE FUEL NO MATTER HOW THE GLOBAL PRICES GOES BECAUSE THE SENDING A MESSAGE TO DRIVE LESS INSTEAD. CURRENTLY PETROL REGULAR IS CDN $ 1.90 10.89 CEDIS IN GHANA FOR REGULAR OTHER BLENDS GO HIGHER WHEN YOU GET TO THE PUMP. DESIEL IS CDN$ 2.23 WHICH IS 12. 89 CEDIS NO THERE IS BREAK HERE PEOPLE OUR TAXES IS 13% FOR EVERYTHING AFTER YOUR PAY CHEQUE TAXES IS BEEN TAKEN BEFORE YOU GET PAID TO SPEND THAT MONEY.
How come that a drum of diesel is very much cheaper in Burkina Faso compared to Ghana. You will be making a savings of GHC 800.00 if you buy fuel from Burkina Faso. No wonder mini bus owners operation close to the border gross over to fill their tanks and buy more using the Kufuor gallons. Burkina Faso is not an oil producing nation, they have no sea port being a land log country, their fuel tankers travel by road all the way to tema to lift fuel back to their country and yet still their fuel is cheaper than that of Ghana. Currently government of Ghana is enjoying a windfall from high petroleum prices unfortunately all the big monies accruing will not benefit the people, it's going into a few greedy, inward looking, selfish, self centered and full of empty pride group who represents nobody but themselves.
IN NORTH AMERICA AM PAYING CDN$1.18 FOR REGULAR, SUPREME IS HIGHER, DIESEL IS CDN$2.20. FOR CYLINDERS CIRCULATIONS LET A DIVISION OF GHANA GAS TO OPERATE THIS BY HIRING NABCO TRAINEES TO WORK AS TECHNICIANS BY INDEPENDENT CONTRACTORS, WHO WILL HIRED THESE TECHNICIANS TO DELIVER 2 BURNER STOVE PLUS FILLED NEW CYNLINDER TO CUSTOMER ONCE CUSTOMER ODER AND PAID FOR THE TWO FOR THE FIRST TIME ONLINE TECHNICIAN IN THAT DISTRICT WILL BRING THE NEW 2 BURNER STOVE PLUS FILLED CYLINDER TO CUSTOMER PAID ONLINE PLUS REMOTE STATER FOR SETUP AT CUSTOMER JUST AS KENYA M-GAS MODEL. SO THE GAS WILL NOTIFY CUSTOMER TO RE-ODER WHEN CYLINDER IS GETTING EMPTY TO ODER ONLINE FOR FILLED CYLINDER TO SWITCH THE OLD CYLINDER BY TECHNICIAN AT CUSTOMER ONNCE ORDER IS PAID ONLINE BY DISTRICT DELIVERY TECHNICIAN. SO THAT CYLINDER VALVES ARE NOT TEMPERED WITH AS WELL AS REPLCING THE FILLED CYLINDER WITH THE OLD EMPTY FOR PICKUP. TO PREVENT ACCIDENTS AT CUSTOMER. GOOGLE M-GAS OF KENYA AND USE THEIR MODEL.