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Price of LPG to shoot up by 4%; Gasoil price to see marginal drop – IES

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The Institute for Energy Security (IES) has predicted that the price of liquefied petroleum gas (LPG) on the local market will rise by 4%.

The IES’ forecast comes after the significant jump in the price of liquefied petroleum gas (LPG) on the international market as well as the marginal stability in the local currency.

Meanwhile, the price of Gasoline though rose marginally on the international market will not be enough to cause a price change domestically.

“As a result, the IES foresees some stability in the price of Gasoline domestically. In IES’ estimation, Gasoil’s price per litre may see a slight reduction in response to the 10.11% fall in international Gasoil price. The reduction is imminent should the bulk importers decide not to price in the recent forex losses they incurred.”

IES made the projections in a statement ahead of the second pricing window on Wednesday.

Below are GOIL’s new fuel prices

NEW FUEL PRICES EFFECTIVE TUESDAY 15TH NOVEMBER 2022.

Super xp RON 95 – Ghc 16.82

Diesel xp – Ghc 20.50

CLICK HERE TO DOWNLOAD PRESS RADIO MOBILE APP

Kindly note that prices have decreased for SUPER XP RON 95 from 17.99 to 16.82 and decreased from 23.49 to 20.50 for DIESEL XP.

 

Source: starrfm.com.gh

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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