Home | Goldstreet Business
Monday, January 18, 2021
  • Home
  • General News
    • Extractives
    • Auto
  • Business
    • Banking and Finance
    • AgriBusiness
    • Insurance
    • Mining
    • Oil and Gas
    • Real Estate/Housing
  • News
    • Top Stories
    • Agriculture
    • Maritime/Aviation
    • Energy
    • Education
    • Construction
  • Technology
    • ICT
    • Telecom
  • World
    • Africa
    • International
  • Editorial/Features
  • GSB Data Services
No Result
View All Result
  • Home
  • General News
    • Extractives
    • Auto
  • Business
    • Banking and Finance
    • AgriBusiness
    • Insurance
    • Mining
    • Oil and Gas
    • Real Estate/Housing
  • News
    • Top Stories
    • Agriculture
    • Maritime/Aviation
    • Energy
    • Education
    • Construction
  • Technology
    • ICT
    • Telecom
  • World
    • Africa
    • International
  • Editorial/Features
  • GSB Data Services
No Result
View All Result
Gold Business Logo
No Result
View All Result

Ghanaians lament over latest fuel price hike as it hits GHS5 mark

September 19, 2018
in Uncategorized
0
Share on FacebookShare on Twitter

Some drivers and a section of the general public have expressed outrage at the latest fuel price hike that has hit the GHS5 mark at some fuel stations as of Monday, September 17, 2018.

Checks by Goldstreet Business at some fuel stations in Accra revealed that a litre of diesel and petrol are being sold at GHS5.18 and GHS5.14 respectively.

RELATED POSTS

Look… WHO’s out to narrate the true COVID-19 story

Afreximbank supports AfCFTA

File Photo

Speaking to a taxi driver, Yaw Boadi at the Kwame Nkrumah Circle, he stressed that the price hike was rather unfortunate, adding; “it was just too much for an economy that is not getting any better.’’

Kweku Asamoah, a commercial driver worried about the increase said, it was going to adversely affect his children’s school fees and general upkeep.

‘’How are we going pay for their school fees and books with all this increment?’’ he lamented.

Some pedestrians Goldstreet Business spoke to, equally complained about the neglect of government to the plights of its citizens and called on President Akufo-Addo to fix the economy.

This follows the price of Brent crude on the world market moving up by about 6 percent for the period under review.

The Institute of Energy Security (IES) had earlier in a statement predicted that prices of fuel might soon hit GHS5 per liter for the second pricing window in September between 16th to 30th.

The IES however, blamed the situation on the depreciation of the cedi, adding, other significant factors such as the increase in Brent crude on the world markets.

“Average Brent crude price is up by 6.2%; finished product prices have shot up by 1.64% and 5.01% for gasoline and gasoil, respectively. The cedi has depreciated by over 3% against the dollar within the period,” the statement said.

Currency experts have said the Ghanaian cedi, might soon hit GHS5 to a dollar as it continues to struggle with significant trading currencies.

Paa Kwesi Anamoah Sakyi, Executive Director of the Institute of Energy Security (IES) speaking to reporters, cautioned that fuel prices at the pump will continue to go up until the cedi stabilizes.

Adding, Bulk Oil Distributors who purchase crude oil from the world market will have no option but to pass on the increasing cost of fuel to Ghanaians.

The IES entreats government to scrap some petroleum levies and taxes in order to save consumers from the effects of the fuel price hike.

By Mawuli Y. Ahorlumegah

60

SHARES
facebook Share on Facebook
Twitter Tweet
Follow Follow us
custom Share
custom Share
custom Share
custom Share
custom Share
ShareTweetShare

Related Posts

COVIDNOMICS: Ghana’s Ports &the future of African Continental Free Trade

Look… WHO’s out to narrate the true COVID-19 story

January 18, 2021
Afreximbank supports AfCFTA

Afreximbank supports AfCFTA

January 18, 2021
Finding Your Inner Entrepreneur!

Finding Your Inner Entrepreneur!

January 18, 2021
Bargain Hunting for Cal Bank Shares

Bargain Hunting for Cal Bank Shares

January 18, 2021
Reconsider decision to freeze issuance of licenses for new IPPs – IES to government

Gov’t seeks local Co-Managers for the 2021 foreign bond issuances

January 18, 2021
Next Post

Ghana’s B rating likely to increase borrowing – Prof. Gatsi

National Policy Summit: Govt. to provide status report on flagship programmes

Archives

<
January 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
▼
>
MonTueWedThuFriSatSun
    123
45678910
11121314151617
18192021222324
25262728293031
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       
 123456
78910111213
14151617181920
21222324252627
282930    
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
1234567
891011121314
15161718192021
22232425262728
2930     
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
  12345
6789101112
13141516171819
20212223242526
27282930   
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
     12
3456789
10111213141516
17181920212223
242526272829 
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
     12
3456789
10111213141516
17181920212223
24252627282930
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
1234567
891011121314
15161718192021
22232425262728
2930     
       
    123
45678910
11121314151617
18192021222324
25262728293031
       
    123
45678910
11121314151617
18192021222324
25262728   
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
     12
3456789
10111213141516
17181920212223
24252627282930
31      
   1234
567891011
12131415161718
19202122232425
2627282930  
       
1234567
891011121314
15161718192021
22232425262728
293031    
       
     12
3456789
10111213141516
17181920212223
24252627282930
       
  12345
6789101112
13141516171819
20212223242526
2728293031  
       
      1
2345678
9101112131415
16171819202122
23242526272829
3031     
    123
45678910
11121314151617
18192021222324
252627282930 
       
 123456
78910111213
14151617181920
21222324252627
28293031   
       
      1
2345678
9101112131415
16171819202122
23242526272829
30      
   1234
567891011
12131415161718
19202122232425
262728293031 
       

RECOMMENDED

COVIDNOMICS: Ghana’s Ports &the future of African Continental Free Trade

Look… WHO’s out to narrate the true COVID-19 story

January 18, 2021
Afreximbank supports AfCFTA

Afreximbank supports AfCFTA

January 18, 2021

MOST VIEWED

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Energy
  • Health
  • Auto
  • International
  • Subscription Form
  • Staff Webmail
  • About Us
  • Contact Us
Call us: +233 24 432 0902 | info@goldstreetbusiness.com

© Copyright © 2020 goldstreetbusiness.com. All Rights Reserved.

No Result
View All Result
  • Homepages
    • Homepage Layout 1
    • Homepage Layout 2
  • World
  • Business
  • Technology
  • Health

© Copyright © 2020 goldstreetbusiness.com. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.