Fuel prices increased by 5%

The Chamber of Petroleum Consumers (CPC) has reviewed fuel prices effective Thursday March 17, 2016.

According to a statement issued by CPC the upward review has become necessary due to the shortfalls as a result of the increase of price of crude oil on the international market. 

The BDCs benchmarks have already gone up between 2-5% and will soon reflect.

“Activities and movements in world market prices, which have gone up in the past two weeks, from below $30/barrel to over $36/barrel as of Wednesday, has resulted in an upward adjustment of pump prices across the various Bulk Oil Distribution Companies (BDCs),” the statement explained.

By: Ultimate1069.com/Ghana/106.9FM