Fuel prices go up by 4%

Getting your Trinity Audio player ready...

Prices of the various petroleum products have gone up by 4 percent

today, with the exception of Premix fuel and residual fuel oil.

The price hikes have been influenced by the rising prices of petroleum

products on the world market and the cedi’s depreciationagainst major

trading currencies.

The 4 percent increment is the maximum price that no Oil Marketing

Company (OMC) can go beyond.

OMCs can, however, sell their products below the 4% price under the

full price deregulation of petroleum products which is kicking off

partially today.

Sources say there will still be some marginal increases in the coming

weeks until subsidies that have not been fully paid for are cleared.

Prices could have gone up by morethan 4 percent this morning, however,

the plan by the industry regulator is do a gradual increase in the

coming days.

Credit: Myjoyonline.com

Kofi Oppong Kyekyeku

I am a Ghanaian Broadcast Journalist/Writer who has an interest in General News, Sports, Entertainment, Health, Lifestyle and many more.

Related Articles

Leave a Reply

Back to top button