{"id":1271305,"date":"2022-12-29T15:30:56","date_gmt":"2022-12-29T15:30:56","guid":{"rendered":"https:\/\/www.ghanamma.com\/2022\/12\/29\/fuel-prices-to-go-down-significantly-from-january-1-2023\/"},"modified":"2022-12-29T15:30:56","modified_gmt":"2022-12-29T15:30:56","slug":"fuel-prices-to-go-down-significantly-from-january-1-2023","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2022\/12\/29\/fuel-prices-to-go-down-significantly-from-january-1-2023\/","title":{"rendered":"Fuel prices to go down significantly from January 1, 2023"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"392\" class=\"entry-thumb\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/04\/1651223143_660_WhatsApp-Image-2022-02-17-at-2.31.50-PM-696x392.jpeg\"   alt=\"\" title=\"fuel\"\/><\/div>\n<p>Prices of petroleum products will go down significantly beginning this Sunday, January 1, 2023, the Institute for Energy Security (IES) has predicted.<\/p>\n<p>This follows an improvement in the value of the Ghana cedi to the dollar during the last two weeks and a slight reduction in the price of crude oil on the world market.<\/p>\n<p>The prediction is coming on the back of the 5.28% and 5.09% fall in the prices of petrol and Liquefied Petroleum Gas respectively and the 26.51% appreciation of the cedi against the US dollar in the second pricing window of December.<\/p>\n<p><!-- \/22191989129,1002554\/MGL\/mgl_ado_atunwa_300x250 --><\/p>\n<p>\u201dDespite the marginal rise in the price of gasoil [diesel] on the international market, the Ghana cedi\u2019s appreciation against the dollar will force prices down locally\u201d, it said<\/p>\n<p>\u201cPrices are, therefore, set to reach \u00a29.50 and \u00a211.60 per litre for gasoline [petrol] and gasoil [diesel] respectively, and \u00a29 per kilogram\u00a0for\u00a0LPG in the coming days,\u201d the Institute stated.<\/p>\n<p><strong>Local fuel market performance<\/strong><\/p>\n<p>The second pricing window of December 2022 saw international market price falls and the Ghana cedi\u2019s appreciation against the US dollar reflecting on the domestic fuel market positively at all Oil Marketing Companies (OMC) outlets monitored by IES.<\/p>\n<p>The price reductions seen over the pricing window peg the national average price per litre of petrol at \u00a212.68 from \u00a215.16, representing a 16.36% reduction over the period. Diesel national average price per litre moved from\u00a218.78 to \u00a215.55; falling by roughly 17.20%.<\/p>\n<p><strong>World oil market<\/strong><\/p>\n<p>International Crude oil benchmark Brent fell by 0.51% in price over the previous window\u2019s average price of $81.90 per barrel to the present average price of $81.48 per barrel.<\/p>\n<p>            <!--  [embed]https:\/\/www.youtube.com\/watch?v=videoseries[\/embed]<!--\" frameborder=\"0\" allow=\"accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe>--><\/p>\n<div class=\"youtube-embed\" data-video_id=\"-QYvOoWar1Y\"><iframe loading=\"lazy\" title=\"Premtobre Kasee on Adom TV (29-12-22)\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/-QYvOoWar1Y?feature=oembed&#038;enablejsapi=1\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prices of petroleum products will go down significantly beginning this Sunday, January 1, 2023, the Institute for Energy Security (IES) has predicted. This follows an improvement in the value of the Ghana cedi to the dollar during the last two weeks and a slight reduction in the price of crude oil on the world market. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1070659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-1271305","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1271305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/comments?post=1271305"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/posts\/1271305\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/media?parent=1271305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/categories?post=1271305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2022\/wp-json\/wp\/v2\/tags?post=1271305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}