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Fuel Prices To Go Up Again In October

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Price of diesel is expected to go up marginally from the beginning of October, 2021, the Institute for Energy Security forecast indicates.

However, price of petrol is expected to remain same, though some petroleum products including Liquefied Petroleum Gas will also go up.

“For the first Pricing-Window of October 2021, the 4.57% increase in the price of the International Benchmark- Brent crude, the 2.07% increase in price of Gasoline, the 10.28% increase in Gasoil price, the 0.63% depreciation of the local currency against the US dollar; the Institute for Energy Security (IES) projects for price of gasoil to increase and price of gasoline to remain stable on the domestic market at the various pumps as we enter October.”

Meanwhile, some Oil Marketing Companies (OMCs) have started adjusting their fuel prices upwards at the pumps.

One of the market leaders, Shell has taken the lead and it’s now selling a liter of petrol and diesel at ¢6.52.

Sources say the increase has been influenced by rising prices of finished petroleum products on the international market.

Joy Business is also learning that Shell decided to review its prices this time around because it did not adjust prices during the last pricing window, though its competitor, Total did that.

The other major OMCs could follow by adjusting prices in the coming days.

Again, the IES said within the second pricing-window of September 2021, prices of petroleum products saw marginal increment in the local market.

“The local Oil Marketing Companies (OMCs), increased their price of petroleum products between 1% and 2% at the various pumps. The increase was in response to the increase in prices on the international market and the depreciation of the local currency against the US dollar.”

The current national average price of fuel per litre at the pump, it pointed out, is pegged at ¢6.18 for both petrol and diesel.

Meanwhile, the IES Market-Scan picked Benab Oil, Top Oil, Zen Petroleum, Cash Oil and Goodness Oil as the OMCs with the least-priced fuel on the local market for the window under assessment.

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Breaking: Western Togoland Leader Papavi Confirmed Dead

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Leader of the Homeland Study Group Foundation (HSGF), Charles Komi Kudzordzi, popularly known as Papavi Hogbedetor, is reportedly dead.

Family sources told the Ghana News Agency (GNA) Mr Kudzordzi died in the late hours of Friday, October 15, 2021, at a hospital in the Volta Region.

Until his demise, Papavi Hogbedetor was championing the separation of the “Western Togoland” from Ghana through his secessionist group, the Homeland Study Group Foundation.

After many failed attempts, he unsuccessfully declared independence for “Western Togoland” and was arrested for the first time and charged with treason.

Mr Kudjordji was arrested again for similar offences, airlifted from Ho to Accra and charged for treason with some of his accomplices.

He was again granted bail due to old age and after his release, heard days later declaring independence for Western Togoland and had since gone into hiding till information on his death.

He was born on April 7, 1934.

Source: GNA

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Just In: Two Articulator Trucks Involved In An Accident At The Nsawam bypass N6 (photos)

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News information coming has revealed that an accident has just taken place on the Nsawam bypass (N6) after two articulators were said to have had a head-on collision.

Tho the real cause of the accident is not known Nsawam traffic Police officers have been said to have rushed to the scene of the event as they try to remove the cars from the road.

The Ghana police service the post on their Facebook handle wrote saying;

“Public Notice!The Police wish to bring to the attention of the public, a road-traffic crash involving two articulator trucks on the Nsawam-Accra bound carriageway on the Nsawam bypass (N6). Nsawam traffic Police officers are currently at the scene managing the situationThe Road Safety Management Services Limited Team has been called to proceed with a towing truck to tow the trucks off the road to allow free and safe flow of traffic. Meanwhile, motorists are advised to drive cautiously when approaching since the dual carriage has been converted to a single lane.The public would be updated soon.

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Google to invest $1 billion to lift Africa internet access

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Google said on Wednesday it will invest $1 billion over the next five years to allow for faster and more affordable internet access and support entrepreneurship in Africa.

Internet reliability is a problem in Africa where less than a third of the continent’s 1.3 billion people are connected to broadband, according to the World Bank.

But the continent, where nearly half the population is under 18, is a promising market.

According to Google and Alphabet boss, Sundar Pichai “huge strides” have been made in recent years, but more work is needed to make “internet accessible, affordable and useful for every African”.

The investment will support digital transformation by ensuring improved connectivity and access, he said in a statement.

The funds will, among other things, go towards infrastructure development including the Equiano subsea cable that will connect South Africa, Namibia, Nigeria and St Helena with Europe.

The deal expands Google’s pledge announced four years ago to train around 10 million young Africans and small-scale businesses in digital skills.

“I am of the firm belief that no one is better placed to solve Africa’s biggest problems than Africa’s young developers and startup founders,” said Google’s Africa managing director Nitin Gajria.

Internet access is also hampered by the affordability of smartphones.

Google said it will partner with Kenya’s telecoms giant Safaricom to launch affordable Android smartphones for first time users.

The project will later be rolled out across the continent with other carriers such Airtel, MTN, Orange and Vodacom.

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