The Institute of
Energy Studies has projected that Petrol will retail for about GH₵15 per
litre in the next pricing window of February.
This according
to the institute is due to the about 10% depreciation of the cedi against the
U.S. Dollar coupled with the price of Gasoline and Gasoil increasing by
approximately 14% and 7.6%, respectively on the global market.
This is despite
the government’s introduction and receipt of about 40,000 metric tonnes of fuel
under the gold for oil policy which seeks to source cheaper fuel in exchange
for gold.
This is part of
the government’s efforts at addressing the high cost of fuel at the pumps which
have partly contributed to the hike in inflation in the country currently
hovering around the 50 per cent mark.
Presently, the
national average price per litre of Gasoline increased to Gh¢13.58 from
Gh¢12.54, and Gasoil from Gh¢14.40 to Gh¢15.36 during the second pricing window
in January.
0 comments:
Post a Comment