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Price of fuel to go up shortly – IES

One of the major energy think tanks in Ghana is predicting of a possible rise in fuel prices in the coming days.

The Institute of Energy Security says that this is largely due to the continuous fall in the power of the cedi which subsequently has increased the cost of importing fuel.

Leading research consultant with the firm, Richmond Rockson says this development is likely to continue for quiet awhile.

Road users are more likely to start paying more for petrol as transport fares are also likely to shoot up in the coming days.

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Reporting Oil and Gas project was launched on 4th June 2009atTakoradi, Western Region, Ghana by Penplusbytes (PPB – www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector
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