Loading...

$type=ticker$cols=4

Petrol To Rise Marginally, Diesel To Remain Unchanged

The Institute for Energy Security (IES) projects petrol prices to rise marginally whilst diesel price on the local market remain stable f...

The Institute for Energy Security (IES) projects petrol prices to rise marginally whilst diesel price on the local market remain stable for the next Pricing window which takes effect from Saturday 1st October 2016.

IES bases its projection on Platts prices which saw an upward adjustment of petrol while diesel remain fairly stable, and the depreciation of the Cedi against the U.S. Dollar by 0.4%.

“Local Fuel Market within the first week of the second Pricing-window for September 2016, Petrol and Diesel prices fell by an average of 0.and 0.84% respectively,” according to a release signed by Richmond Rockson, Principal Research Analyst, Petroleum Unit at IES.

According to energy think tank three Oil Marketing Companies (OMCs) namely; Puma Energy, Glory Oil and Frimps Oil effected these changes.

“Today, the average price for Petrol and Diesel is GH¢3.621 and GH¢3.604 respectively. Radiance Oil maintains the top spot on the IES Top-10 Chart as the OMC selling the cheapest Petrol on the market, whereas Puma Energy sells the cheapest Diesel fuel,” IES said.

Read the rest of IES’ analysis below:

The release of the Public Eye report on sub-standard Diesel being sold in Ghana and many parts of Africa generated a lot of debate amongst the general public and industry experts. What is left now is how the country intends to advance from the Ghanaian standard towards the European standard which has a lower Sulphur content for Diesel.

IES is of the view that the country can progressively move towards that, starting with 1000pmm as the benchmark without any cut-throat cost to the consumer.

World Petroleum Market Indices Over the Pricing-window, average Brent crude slipped 2.42% to $46.58/barrel on account of renewed worries of supply glut, Iran’s determination to reach its market share prior to the ban, and low consumption in fossil fuel across Asia and Europe for the month of September.

Platts price for Petrol shot up by $13.33/metric tonne (2.74%) to close at $496.64/metric tonne, while Diesel price saw an upward adjustment of $2.34/metric tonne to close at $410.50/metric tonne; representing a rise of 0.57%.

Local Market Index and Inventory The Cedi lost marginally against the U.S. Dollar over the Pricing-window by 0.40% according to data obtained from the Bank of Ghana.

The combined Petrol and Diesel stock in the country rose from 287 million litres to 379 million litres over the Pricing-window. The Diesel stock in the country still remain quite low at 154 million litres; capable of meeting three and half weeks of national consumption.

The stock of Petrol in-tank and on vessels offshore is projected to be 225 million which is capable of meeting eight weeks of national consumption.





Source: JFM Ghana
Name

2018 Ranking – Top 20 Senior High Schools in Ghana | Check whether your school is part,1,Adom TV,24,Afia Schwarzenegger,1,aKinaa,1,Akufo Addo,1,All Ghanaian female Celebrities make their money through the SE-X- Efia Odo,1,Baby Kaafo Project,1,Breaking News,50,bullet,1,Business,38,Canadian gynecologist,1,Cape Coast Technical University Releases 2018/2019 Admission Forms,1,Career,11,Celebrity,2,Criss Waddle,2,Cristiano Ronaldo,1,Daasebre Gyamenah,1,Daddy Lumba,3,DOLI ARMAANO KI,3,Dr Clarence Oteng Addo-Yobo,1,Dr Jen Gunter,1,Ebody,4,Ebony,15,Education,15,Entertainment,192,event,2,excessive make ups,1,Feli Nuna,1,Fella Makafui,1,festivities and food,1,Foreign News,25,Galamsey,1,GH Telenovelas,35,Ghana,134,Ghana Immigration,3,Ghana Police,5,GHANA POLICE RECRUITMENT,5,Ghana Police Service,6,gossip,16,Gyedu-Blay Ambolley,1,Health,5,HEALTH TRAINING INSTITUTIONS,1,I’ll Show These Fake Prophets That I’m From The Volta Region’– Shatta Wale’s Mom Threaten fake Prophet with Nogokpo,1,Immigration,2,International,37,International Sports,19,iwoman,1,Jupitar,1,Kelvin De Bruyne,1,KFC,1,Kumkum,10,Kumkum Bhagya,19,Kundali Bhagya,16,Kwaku Manu,1,Leak,6,Lifestyle,37,Lionel Messi,1,Live,1,Local News,1,mebz,1,Medikal,2,Messi,1,Micheal Owusu,1,Mobile Money,1,Moesha Boduong,2,Moesha Buduotng,1,Moesha leak,1,multi TV,1,Music,29,Mzbel,1,Mzvee,1,NABCO,3,News,282,Nigeria,23,Obstetrics and Gynecology specialist,1,Ofori Amponsah,1,Ofori Ankah Kofi,1,Ohene PD,2,Ovary Tumour,1,Patapaa,3,people and lifestyle,26,Photo,5,profanity,1,quarrelsome behavior,1,Queen Haizel,1,Rashida Black Beauty,1,Recruitment,2,Relationship,23,ruff n smooth,1,Sam Allardyce,1,Samini,4,Sarkodie,4,satellite,7,Scholarship,1,Sex Doll,1,Shatta Wale,16,smelling vagina,1,SOUNDCITY AFRICA,1,South Africa,2,Sports,60,Sports Africa,12,stonebwoy,2,Takoradi,1,TCB Kankam,1,Technology,21,Tigernuts,1,Tiwa Savage,1,Uganda,2,unprovoked insults,1,VGMA 2018,2,Video,4,Visa,1,what I get from S$X around- Sista Afia flaunts Her $2 million dollar mansion to mock Efia Odo,1,zylofon,3,Zylofon media,2,
ltr
item
LeakxGH•com™ Entertainment : Petrol To Rise Marginally, Diesel To Remain Unchanged
Petrol To Rise Marginally, Diesel To Remain Unchanged
https://3.bp.blogspot.com/-uGNPzCPg1cA/V_JJre7ER_I/AAAAAAAAAHk/HOUkv9CVfw0Psm0pbs0LgqtACrc9gmuoQCEw/s320/petrol.jpg
https://3.bp.blogspot.com/-uGNPzCPg1cA/V_JJre7ER_I/AAAAAAAAAHk/HOUkv9CVfw0Psm0pbs0LgqtACrc9gmuoQCEw/s72-c/petrol.jpg
LeakxGH•com™ Entertainment
https://www.leakxgh.com/2016/10/petrol-to-rise-marginally-diesel-to.html
https://www.leakxgh.com/
https://www.leakxgh.com/
https://www.leakxgh.com/2016/10/petrol-to-rise-marginally-diesel-to.html
true
4107803873758497787
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy