metro
Fuel prices to drop in Ghana Sept 16 – Marketers
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’.
metro
200,000 repentant terrorists surrender, drop arms in North East – CDS
200,000 repentant terrorists surrender, drop arms in North East – CDS
The Chief of Defence Staff, General Christopher Musa, has disclosed that about 200,000 repentant terrorists have so far dropped their arms and surrendered to troops in the North East, noting that the twin strategy of kinetic and non-kinetic operations was responsible for this achievement.
The CDS made this known at the Security and Justice Symposium organised by the Office of the National Security Adviser (ONSA) in collaboration with the British High Commission, which began at the National Counterterrorism Centre in Abuja on Tuesday.
He disclosed that the theme of the symposium, ”Securing Peace, Ensuring Justice, Protection, Conduct, and Accountability,” speaks volumes about the deluge of security challenges the armed forces and security agencies are facing.
His words, “All the challenges we are facing today have to do with fairness, equity, justice, and accountability.
“There will not be peace without justice, equity, fairness, and accountability. In our operations, we are conducting both kinetic and non-kinetic strategies, which have to a large extent yielded significant successes, and we want to particularly thank the National Security Adviser for his great support in this regard.
“Nigeria is going through so many challenges, and we feel we’re able to address this, and everybody has a sense of belonging. A lot of the security challenges we are having, we are sure, will go down. I want to thank the National Security Advisor for all the support he’s given us, both the kinetic and the non-kinetic.
“We have said it; the kinetic aspect is just less than 30%. The non-kinetic has a lot to play. The non-kinetic, because when you have democracy, people must have the evidence of democracy. As long as it tells people to sleep well and be peaceful, and they are hungry, their children cannot eat, and all this creates more problems.
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“The issue of informants. We have to look at how we tackle this issue of informants. Because these are the people who have created the issue.
200,000 repentant terrorists surrender, drop arms in North East – CDS
metro
Robbers kill two members in shoot-out with Delta police
Robbers kill two members in shoot-out with Delta police
The spokesperson for the police in Delta State, SP Bright Edafe, has confirmed the death of two robbery suspects in the state.
Mr Edafe, who disclosed this to journalists on Tuesday in Warri, said that the deceased were killed from the bullets shot by their gang members.
According to him, the incident occurred on Wednesday at Effurun, Uvwie Local Government Area of the state.
Mr Edafe explained that the deceased were leading the police surveillance team attached to the Ekpan Division to their hideout when they were caught during a shoot-out.
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“The suspects were arrested at Effurun roundabout with a bag containing 57 live cartridges and other items. They were leading the surveillance team to their hideout at Warri/Sapele road when their gang members, on sighting the vehicle of the police team, engaged them in a shootout.During the gun duel, the arrested suspects that were leading the police team were fatally wounded by the gun shot of their colleagues. The two injured suspects were taken to the hospital and later died while receiving treatment,” he said.
Mr Edafe said that items recovered from the hoodlums hideout included: one English pump action gun, one locally made cut-to-size gun and eight live cartridges.
Others were: six iPhones, Smart phones and a Rolex wrist watch.
He said that the command had intensified manhunt on the fleeing members of the gang.
Robbers kill two members in shoot-out with Delta police
(NAN)
metro
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