Fuel prices to go up 7%-13% from February – Institute of Energy Studies reveals

Fuel prices are expected to go up by Wednesday, the Institute for Energy Security (IES) has predicted.

According to IES, fuel prices to go up between seven per cent and 13 per cent with respect to petrol, diesel and Liquefied Petroleum Gas (LPG).

Petrol will therefore sell at about ¢15 per litre, whilst diesel will go for over ¢17 per litre.

According to the IES, the rise in domestic fuel prices, is due to the sharp depreciation of the cedi during the last two weeks and the rising international fuel prices as observed on the global S&P Platts platform.