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Fuel prices quadruple in last decade largely due to cedi depreciation and taxes – IES ghanavisions.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ghanavisions.com Daily Mail and Mail on Sunday newspapers.
By Eric Nana Yaw Kwafo LISTEN
FEB 8, 2021
The Institute for Energy Security (IES) has noted that there would have been an increase in the price of domestic gasoline if not for the global Coronavirus (Covid-19) pandemic.
According to the organization that focuses on the nexus between energy demand and energy supply, Ghana in the past decade witnessed a 347 percent increase in the price of Gasoline (Petrol) and a 338 percent increase in Gasoil (Diesel) price at the pump.
While they attribute the yearly increase in the prices of petrol and diesel to cedi depreciation and taxes, the same was expected to happen last year.