Fuel prices to rise in February despite gold-for-oil policy

Ghana Guardian

Fuel prices to rise in February despite gold-for-oil policy

The Institute of Energy Studies has projected that Petrol will retail for about GH₵15 per litre in the next pricing window of February. This according to the institute is due to the about 10% depreciation of the cedi against the U.S. Dollar coupled with the price of Gasoline and Gasoil increasing by approximately 14% and 7.6%, respectively on the global market. This is despite the government’s introduction and receipt of about 40,000 metric tonn…