Fuel prices to drop in Ghana Sept 16 - Marketers – Newstrends
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Fuel prices to drop in Ghana Sept 16 – Marketers

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Fuel prices to drop in Ghana Sept 16 – Marketers

 

Motorists and others fuel buyers are expected to pay less for petrol and diesel’s from next Monday September 16 should the cedi, the country’s currency, remain stable against the US dollars.

The Association of Oil Marketing Companies (AOMCs) in Ghana made the projection through its Chief Executive, Riverson Oppong.

He said the recent stability in key factors influencing petrol prices should lead to a price drop at the pumps.

“All the variables that influence prices of petroleum products have been fairly stable over the past week and if that is sustained going forward, then there should be a reduction in prices at the pumps,” Oppong said.

A litre of petrol is sold between GH¢13.63 (N1,472.31) and GH¢14.35 (N1,550.08) depending on the company, diesel sells between GH¢13.99 (N1,511.19) and GH¢14.60 (N1,577.1) per litre.

The Bank of Ghana gave the exchange rate of the cedi to naira as N108.02 as of September 11.

Oppong said the cedi’s performance will be a crucial factor in determining the price review by the oil marketing companies.

He dismissed criticism that AOMCs are slow to adjust prices when the market conditions favour a reduction.

“There is always a reason why the OMCs delay in reviewing prices at the pumps, and that has nothing to do with the arguments that they want to shortchange consumers,” he added.

He said the association is actively working to address recent consumer complaints about service quality.

Oppong also said the group has launched its own initiative to ensure that members adhere to the highest standards for storing products at service stations.

This initiative, he said, could significantly help address the issue and reduce consumer complaints.

“Our sector can be described as the most regulated in the industry. We are regulated by the National Petroleum Authority, and Ghana Standards Authority. You shouldn’t see some of these product quality issues coming up that often,” he said.

“Looking at the progress that we have made when it comes to developing the sector, we should not be having these kinds of challenges.”

In August, the OMCs reduced the pump prices of both petrol and diesel.

While Ghanaians are thinking of energy cost reduction, Nigerian are contending with fuel price hike and scarcity of petrol.

On September 2, the Nigerian National Petroleum Company Limited increased the price of petrol across its retail outlets to N855 per litre — up from N600.

The oil firm said the increase, which has triggered a hike in transport cost and cost of living, was due to the deregulation of the petroleum industry, and ‘determined by market forces’.

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Troops capture 2 bandits while receiving treatment at Kaduna hospital

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Troops capture 2 bandits while receiving treatment at Kaduna hospital

In a decisive operation, Nigerian Army troops have apprehended two suspected bandits receiving medical treatment at a private hospital in Kaduna.

According to a report on Friday by security analyst and counterinsurgency expert, Zagazola Makama, the suspects had reportedly fled to the clinic after sustaining the injuries during a previous encounter with the military.

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Following intelligence reports, the soldiers swiftly moved in and arrested the suspects without resistance.

The terrorists had sought medical care after narrowly escaping a military offensive.

Troops capture 2 bandits while receiving treatment at Kaduna hospital

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Adamawa man arrested for impersonating officer, extorting tricycle operators

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Adamawa man arrested for impersonating officer, extorting tricycle operators

Police in Adamawa State have arrested a 26-year-old man, Shafiu Abdulkadir, for allegedly posing as a police officer and extorting money from the public.

The suspect, a resident of Anguwan Yelwa in Yola North Local Government Area, was apprehended on Thursday, according to a statement released on Friday by the command’s spokesperson, SP Suleiman Nguroje.

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Abdulkadir is accused of extorting tricycle operators around the Aliyu Mustapha Flyover and Jimeta Modern Market in Yola North.

He was reportedly dressed in police camouflage trousers, a black shirt with the inscription ‘Special Force,’ and boots at the time of his arrest.

Nguroje stated that Abdulkadir would be charged in court once investigations are concluded.

Adamawa man arrested for impersonating officer, extorting tricycle operators

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Seaman ejected from barracks, after six-year detention, wife cries out

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Haruna’s wife, Hussaina Iliya

Seaman ejected from barracks, after six-year detention, wife cries out

Abbas Haruna, a Seaman who was reportedly detained for almost six years following orders from a senior Nigerian Navy officer, has finally been released.

During a popular Abuja-based radio program, Brekete Family, Haruna’s wife, Hussaina Iliya, previously alleged that her husband had been unjustly detained since 2018 by the military.

Iliya accused a senior military officer of being responsible for Haruna’s prolonged detention and torture.

Her claims gained widespread attention, leading to the Chief of Defence Staff, Gen. Christopher Musa, and the Minister of State for Defence, Bello Matawalle, calling for an investigation into the matter.

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Although the Defence Headquarters initially stated that Haruna had never been arrested, a video surfaced showing the Seaman resisting disarmament by personnel, with gunshots being fired during the altercation.

On Friday, Iliya and her husband appeared on Brekete Family, where they confirmed that Abbas had been released. According to Iliya, her husband has also been discharged from the military.

Speaking tearfully, she expressed her dedication to staying by his side: “I will be with him no matter the situation. They have discharged him. He was ejected from the barracks. I love my husband. I love him,” she said, recounting their ordeal.

 

Seaman ejected from barracks, after six-year detention, wife cries out

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