Business News of Monday, 25 March 2019Source: citibusinessnews.comCedi depreciation causes fuel price hike for a second time in MarchFuel prices are up 1.16%Some Major Oil Marketing Companies (OMCs) have slightly adjusted upward the prices of petrol and diesel. Checks at various fuel stations showed that Shell and Total have increased the prices of petrol and diesel by six pesewas. This is the second increase in the prices of fuel in a month. The Institute of Energy Security(IES) which predicted the increase has attributed the hikes to the recent depreciation of the cedi. You look at Brent crude price, finished product price, the cedi depreciation against the dollar and we look at stock level,” said Mikdad.

Source: GhanaWeb March 25, 2019 06:11 UTC