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Let's stop the politics with petroleum pricing —NPA boss to media

Let's stop the politics with petroleum pricing —NPA boss to media
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Energy Sector Levies Bill, 2021 approved

Parliament has approved the Energy Sector Levies (Amendment) Bill, 2021 to address challenges in the energy sector and sanitation issues. ....

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Fuel prices would have gone up if not for Covid-19 — IES

By Eric Nana Yaw Kwafo
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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. ....

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Domestic fuel prices quadruple in last decade, largely due to cedi depreciation and taxes: IES Analysts

Over the past decade (2010-2019), Ghana has seen a 347 percent increase in price of Gasoline (Petrol) and a 338 percent increase in Gasoil (Diesel) price at the pump, largely because of Cedi depreciation, taxes and levies. ....

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Cedi's Depreciation, Taxes Push Fuel Prices Up Over 340% In 10yrs - IES Analysis | Economy

Prices of petrol and diesel shot up 347 percent and 338 percent respectively between 2010 and 2019, due to the cedi’s persistent depreciation, taxes and levies, according to a new study by the Institute for Energy Security (IES).
In 2010 the average pump price of petrol stood at GH¢1.16 per litre (GH¢5.22 a gallon), but in 2019 the average price was GH¢5.18 per litre (GH¢23.31 a gallon). Likewise, the average pump price of diesel moved from GH¢1.18 per litre (GH¢5.31 a gallon) in 2010 to GH¢5.17 per litre (GH¢23.27 a gallon) in 2019.
The analysis was carried out using data from the Energy Commission (EC), National Petroleum Authority (NPA) and IES MarketScan data, and revealed that by the end of 2019 domestic consumers of these products were paying more than four times the amount they parted with for a litre of fuel in 2010. ....

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