• Latest
  • Trending

Fuel prices reduced by 2%

March 16, 2017
NSA releases PIN codes for 2025/2026 National service registration

NSA releases PIN codes for 2025/2026 National service registration

June 17, 2025
Israel’s Attack on Iran Is a Strategy Rooted in Deterrence – Diplomatic Observer Reveals

Israel’s Attack on Iran Is a Strategy Rooted in Deterrence – Diplomatic Observer Reveals

June 17, 2025
Ghana-China Media Fellowship 2025 Kicks Off: Empowering Journalists for a Global Dialogue

Ghana-China Media Fellowship 2025 Kicks Off: Empowering Journalists for a Global Dialogue

June 17, 2025
GHS confirms six new Mpox cases in Ghana, total rises to 91

GHS confirms six new Mpox cases in Ghana, total rises to 91

June 17, 2025
America Does Not See Africa as an Ally – Diplomatic Observer Speaks on U.S. Travel Ban on Ghana

America does not see Africa as an ally – Diplomatic Observer Speaks on U.S. Travel Ban on Ghana

June 17, 2025
Justice Denis Adjei Opposes Mandatory Death Sentence

Justice Denis Adjei Opposes Mandatory Death Sentence

June 17, 2025
ECG disconnects GWL over nearly GH¢1bn debt

ECG disconnects GWL over nearly GH¢1bn debt

June 17, 2025
India regulator asks Air India for training data of pilots, dispatcher of crashed plane

India regulator asks Air India for training data of pilots, dispatcher of crashed plane

June 17, 2025
Over 300 residents displaced by torrential rains in Awutu Bereku and Fetteh Kakraba

Over 300 residents displaced by torrential rains in Awutu Bereku and Fetteh Kakraba

June 17, 2025
BECE candidates lockdown: we are investigating the matter- GES assures

BECE candidates lockdown: We are investigating the matter – GES assures

June 17, 2025
Yeji Market Women Banned from Using Gas and Coalpots at Market Square

Yeji Market Women Banned from Using Gas and Coalpots at Market Square

June 17, 2025
NPP Chairman Stephen Ntim’s Family Requests Temporary Withdrawal from Party Duties Over Health Concerns

NPP Chairman Stephen Ntim’s Family Requests Temporary Withdrawal from Party Duties Over Health Concerns

June 17, 2025
Happy Ghana
Advertisement
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home Sports

Fuel prices reduced by 2%

in Sports
Share on FacebookShare on TwitterShare on Whatsapp

Prices of petroleum products have dropped at the pumps by 2-3%, according to the Chamber of Petroleum Consumers.
“Indications from some of the major downstream players point to some 2-3% reductions from current pump prices averaging around 4.320 across most OMCs.
“The Cedi which has over the past weeks contributed to rising fuel prices in the country seem to be gaining some grounds over the past few days to close trading currently at around 4.66/$1 with currency analysts predicting some stability in the coming days,” the Chamber said in a statement.
Below is the full unedited statement
15TH MARCH 2017
The second pricing window under the national petroleum authority’s deregulation pricing programme commences in the next few hours from the 16th of March.
Indications from some of the major downstream players point to some 2-3% reductions from current pump prices averaging around 4.320 across most omcs.
The cedi which has over the past weeks contributed to rising fuel prices in the country seem to be gaining some grounds over the past few days to close trading currently at around 4.66/$1 with currency analysts predicting some stability in the coming days.
International market prices which is the major factor in the pending pump price reductions has dipped by around 7% moving from the previous index of around $ 55/barrel to current $51/barrel.
The drop in world market indexes is expected to continue into the month of April. Expectations remain reasonably high for further reductions in the first window of April when the proposed amendments to petroleum price build up will be probably approved and effected, this is also expected to lead to some net reductions in pump prices as was captured in the 2017 budget statement.
The reduction in special petroleum tax of 17.5 % as pertains currently to 15% and the complete removal of the excise duty component is together expected to also knock down some 2.68 % on pump prices when amended by the house of Parliament.
The new changes of 2-3% in pump prices is expected to be realized at some of the major pumps including goil by close of day tomorrow.
Signed
Duncan Amoah
Executive Secretary
Copec Ghana

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

Alomo EPL activation storms Legon Hall Week

Next Post

Ahmad Ahmad is new CAF President- Issa Hayatou booted out

Next Post

Ahmad Ahmad is new CAF President- Issa Hayatou booted out

Search

No Result
View All Result

Listen Live

BBC Match of the Day Africa

Happy Ghana

Recent News

  • NSA releases PIN codes for 2025/2026 National service registration
  • Israel’s Attack on Iran Is a Strategy Rooted in Deterrence – Diplomatic Observer Reveals
  • Ghana-China Media Fellowship 2025 Kicks Off: Empowering Journalists for a Global Dialogue
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.