![\"fuel\"](\"https:\/\/ghanamma.com\/wp-content\/uploads\/2019\/12\/94038230-Copy-696x391.jpg\" "\\"fuel\\"\/")
<\/div>\nEnergy think tank Institute for Energy Security (IES), has warned of a possible increment in the price of fuel by the end of December 2019.<\/p>\n
READ THIS: Insane video of church members drinking pastor\u2019s bath water infuriates Ghanaians<\/strong><\/p>\n According to Raymond Nuworkpor, research and policy analyst for IES, the continuous depreciation of the cedi against the dollar might trigger increments in fuel price, despite the relative stable prices of crude oil and gas oil on the international markets as well as the over 1.51 per cent decrease in the price of gasoline. <\/p>\n SEE THIS: \u2018Home alone\u2019 boy escapes burning house<\/strong><\/p>\n IES data collected and analysed indicated a 2.1 percent depreciation of the cedi as against the dollar in the first pricing-window of December 2019 (December 1 \u2013 December 14).<\/p>\n READ ALSO: Mankessim shootings: Police accused of demanding GHS 2,310 from family of deceased [Audio]<\/strong><\/p>\n Basing on the performance of the Cedi in the previous pricing-window, Mr Nuworkpor, cautioned that a continuous depreciation of the currency will have adverse impacts on the selling price of fuel within the second pricing-window of December.<\/p>\n SEE ALSO: \u00a0\u00a0Shirley Frimpong-Manso\u2019s \u2018Potato Potahto\u2019 makes it to Netflix<\/strong><\/p>\n The cedi currently trades at GH\u00a25.71 as against GH\u00a2 5.59 in the previous pricing-window.<\/p>\n Read statement below: <\/strong><\/p>\n![\"\"](\"https:\/\/ghanamma.com\/wp-content\/uploads\/2019\/12\/IMG-20191216-WA0023-1.jpg\")
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