Fuel prices up by 4%

Prices of petroleum products have been increased by 4 percent.

The increase, however, does not affect Premix and residual fuel oil.

The development has been triggered by the rising prices of petroleum products on the world market and the depreciation of the local currency, the Cedi.

An increase of 4% is the maximum any Oil Marketing Company (OMC) can go.

They are, however, permitted to sell their products below the 4% price under the full price deregulation of petroleum products which begins today.



Source: Starrfmonline

Its just sad how our cedi keeps on depreciating always and the dollar also rising up, meanwhile fuel prizes are also rising always. When at all will these things gonna be stable for a while

As if Dumsor' isnt enough and the hardship we r facing isnt enough too... we have all extract all these things here.. but yet still the prices are jux rising and our cedi only God knows where it will end