Facebook Twitter Instagram
    Trending
    • Nigerian lady caught stealing iphone 13 promax in Ghana
    • University of the Sunshine Coast Scholarships 2025 | Study in Australia
    • University of Melbourne Human Rights Scholarships 2025 in Australia
    • TTU Signs MoU with CIFIA-Ghana to Enhance Professional Dev’t
    • Attitudes Hinder Growth Far More Than Lack Of Skills-McDan
    • DAAD EPOS SEPT Scholarship 2026 at Leipzig University in Germany (Fully Funded)
    • HON. MOHAMMED ADAMU RAMADAN LEADS A SWIFT RESPONSE TO FLOOD VICTIMS, MOBILIZES STAKEHOLDERS FOR SUSTAINABLE SOLUTIONS
    • Many people have been in prison for years and their families are not aware- Rashad drops shocking revelation
    Facebook Twitter Instagram Pinterest YouTube WhatsApp Telegram TikTok
    GhananewsprimeGhananewsprime
    • Home
    • News
      • Local News
      • Government & Politics
      • International
      • Business
      • Entertainment
        • Lifestyle
        • Sports
        • Audio
        • Celebrity
        • Naija Buzz
        • Music
        • Showbiz
      • Health
      • Education
      • Finance
        • Marketing
        • Bitcoin
        • Strategy
        • Business
        • Make Money Online
    • Technology
    • Videos
    • Scholarship
    • Insurance
    • Loans
    • Biography
    • Radio/TV
    GhananewsprimeGhananewsprime
    News

    COPEC predicts marginal increase in fuel prices from May

    GNPBy GNPApril 29, 2022No Comments

    The Chamber of Petroleum Consumers-Ghana (COPEC), says its projection for the next pricing window shows that prices of petroleum products will see a marginal increase from Sunday May 1.

    In a statement, the energy think tank said it expects petrol and diesel to be sold at GH¢ 9.538 and GH¢ 10.829 per litre respectively, bringing the average price of both products for the next window to GH¢10.183 a litre.

    These increases follow the regular fuel price changes per window, international fuel prices, the applicable dollar-exchange rate and the taxes on fuel.

    The calculations were also based on the current average crude price of $ 104.56 per barrel, resulting in $ 1,057.44 per metric tonne for petrol, and $1,138.33 metric tonne for diesel on the International market.

    READ ALSO  Leveraging Ideas For Strategic Advantage In Event Management In Ghana - The Case of Luxlife Experience Limited

    Also playing a key role in the projection is the exchange rate of 1$ to GH¢7.8165, and the government’s tax rebate of 15 GHp per litre still in place.

    Comparatively, the average price is going up by 19 GHp per litle (1.94%) over that of the previous window, with petrol going up by 7 GHp a litre (0.7%) and diesel also being up by 32 GHp per litre (3%).

    COPEC is expecting these new ex-pump prices of fuel for the next pricing Window, from May 1-15, 2022.

    READ ALSO  First Sky Group Have Spent GHC 32M On Kidney Transplantation- Mr Kutortse Laments

    In the meantime, Liquified Petroleum Gas (LPG) is likely to be sold at about GHȼ10.093/kg showing a reduction of about 21 GHp (2%) over that of the previous window.

    “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 are expected to be within the projected figures as above for the next window”, COPEC said in its statement.

    —citinewsroom



    Kindly read all the Latest News, Entertainment News and gossips here. Follow us on Facebook, Instagram, Twitter, YouTube and Telegram.

    GNP

    Related Posts

    Nigerian lady caught stealing iphone 13 promax in Ghana

    May 21, 2025

    TTU Signs MoU with CIFIA-Ghana to Enhance Professional Dev’t

    May 21, 2025

    Attitudes Hinder Growth Far More Than Lack Of Skills-McDan

    May 21, 2025

    Leave A Reply Cancel Reply

    © 2025 GhanaNewsPrime.com Designed by CSK Media.
    • Advertisement
    • About
    • Locate Us

    Type above and press Enter to search. Press Esc to cancel.