{"id":195229,"date":"2024-07-01T12:32:58","date_gmt":"2024-07-01T12:32:58","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/07\/01\/petrol-price-to-go-up-2-lpg-by-5-from-july-1-2024-ies\/"},"modified":"2024-07-01T12:32:58","modified_gmt":"2024-07-01T12:32:58","slug":"petrol-price-to-go-up-2-lpg-by-5-from-july-1-2024-ies","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/07\/01\/petrol-price-to-go-up-2-lpg-by-5-from-july-1-2024-ies\/","title":{"rendered":"Petrol price to go up 2%, LPG by 5% from July 1, 2024 \u2013 IES \u2013"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The price of petrol is expected to go up by 2.0% from July 1, 2024, for the next two weeks, the Institute for Energy Security has revealed.<\/p>\n<p>At the same time, the price of diesel will surge by 4.0%, whilst that of Liquified Petroleum Gas (LPG) will shoot up by 5%.<\/p>\n<p>The expected increase in fuel prices is due to the depreciation of the cedi against the US dollar and the increase in the prices of finished petroleum products on the international market.<\/p>\n<p>\u201cFollowing the negative price changes recorded on the international market for petroleum products adding to the consistent fall (-1.85%) of the Ghana Cedi, fuel prices at the local pumps are expected to surge. Considering the developments in the foreign fuel market and the domestic forex market, the Institute for Energy Security (IES) anticipates an increase in fuel prices in the first half of July 2024, on account of the worsening performance of the Ghana cedi\u201d.<\/p>\n<p><strong>World Fuel Market<\/strong><\/p>\n<p>The IES said its monitoring of the global Standard &amp; Poor\u2019s (S&amp;P\u2019s) Platts on petroleum products performance in the world fuel market shows that the price of petrol, diesel, and LPG increased in the second pricing window for June 2024.<\/p>\n<p>The published data for the second pricing window of June 2024 showed that petrol closed at $816.61 per metric tonne. Diesel went for $778.32 per metric tonne, and LPG closed at $477.80 per metric tonne. The net changes indicate that the price of petrol has increased by 1.45%, diesel by 6.84%, and LPG by 9.03%.<\/p>\n<p><strong>Local Fuel Market Performance<\/strong><\/p>\n<p>The IES daily monitoring of activities on the domestic fuel market for the second pricing window for June 2024 observed relative stability in the price for liquid fuels from Oil Marketing Companies (OMCs).<\/p>\n<p>Diesel and petrol sold at GH\u20a114.06 and GH\u20a114.26 per litre respectively, whereas LPG went for GH\u20a115.96 per kilogramme.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"714\" height=\"424\" src=\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2024\/07\/image-39.png\" alt=\"\" class=\"wp-image-885096\"  \/><\/figure>\n<p><!-- CONTENT END 1 --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The price of petrol is expected to go up by 2.0% from July 1, 2024, for the next two weeks, the Institute for Energy Security has revealed. At the same time, the price of diesel will surge by 4.0%, whilst that of Liquified Petroleum Gas (LPG) will shoot up by 5%. The expected increase in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":195230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-195229","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Petrol price to go up 2%, LPG by 5% from July 1, 2024 \u2013 IES \u2013 - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/07\/01\/petrol-price-to-go-up-2-lpg-by-5-from-july-1-2024-ies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Petrol price to go up 2%, LPG by 5% from July 1, 2024 \u2013 IES \u2013 - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"The price of petrol is expected to go up by 2.0% from July 1, 2024, for the next two weeks, the Institute for Energy Security has revealed. At the same time, the price of diesel will surge by 4.0%, whilst that of Liquified Petroleum Gas (LPG) will shoot up by 5%. The expected increase in [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghanamma.com\/2024\/07\/01\/petrol-price-to-go-up-2-lpg-by-5-from-july-1-2024-ies\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghanamma.com\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-01T12:32:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ghanamma.com\/2024\/wp-content\/uploads\/2024\/07\/image-39.png\" \/>\n\t<meta property=\"og:image:width\" content=\"714\" \/>\n\t<meta property=\"og:image:height\" content=\"424\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Ghana News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ghana News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/01\\\/petrol-price-to-go-up-2-lpg-by-5-from-july-1-2024-ies\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/01\\\/petrol-price-to-go-up-2-lpg-by-5-from-july-1-2024-ies\\\/\"},\"author\":{\"name\":\"Ghana News\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/#\\\/schema\\\/person\\\/c70749f3edfbfcd92d45e933f0fe10b5\"},\"headline\":\"Petrol price to go up 2%, LPG by 5% from July 1, 2024 \u2013 IES \u2013\",\"datePublished\":\"2024-07-01T12:32:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/01\\\/petrol-price-to-go-up-2-lpg-by-5-from-july-1-2024-ies\\\/\"},\"wordCount\":310,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/01\\\/petrol-price-to-go-up-2-lpg-by-5-from-july-1-2024-ies\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/image-39.png\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/01\\\/petrol-price-to-go-up-2-lpg-by-5-from-july-1-2024-ies\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/01\\\/petrol-price-to-go-up-2-lpg-by-5-from-july-1-2024-ies\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2024\\\/07\\\/01\\\/petrol-price-to-go-up-2-lpg-by-5-from-july-1-2024-ies\\\/\",\"name\":\"Petrol price to go up 2%, LPG by 5% from July 1, 2024 \u2013 IES \u2013 - 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