Speaking to Benard Nasara Saibu
on the Morning Starr, Principal Research Analyst at the Institute of
Energy Security, Richard Rockson said consumers should brace themselves
for an increment of not less than 2%.
According to Mr. Rockson, a market scan of the petroleum sector for the second window indicates prices going up.
”For
the first window in December we predicted that prices are going to fall
and it did happen but in the second window unfortunately we are looking
at prices of fuel going up.
The dollar rate at
now is about Ghc4.25, before this window it was ghc4. When you look at
crude oil prices, they have gone up on the world market. When you take
crude, our forex and our reserves what we have now is an all-time
low…diesel will not take us up to three weeks…in all we have about 100
to 200million of fuel stock in the country at the moment…
When
you put all these together and do the indices we are looking at 4 to 6%
of prices going up not less than 2% no matter what prices will go up
between December 16 and December 31 in the second window.”
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