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Pulse business wrap Fuel prices set to go up marginally

In line with this, prices are likely to change today( Wednesday), with many experts predicting a marginal reduction mainly in the price of petrol.

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Fuel prices set to go up marginally

As part of the petroleum downstream deregulation policy, Oil Marketing Companies are to assess their prices on a fortnight basis to reflect changes in costs of production and inputs.

In line with this, prices are likely to change today( Wednesday), with many experts predicting a marginal reduction mainly in the price of petrol.

This has been attributed to a marginal increase in the prices of crude on the international market in the past two weeks.

Prices are therefore expected to go up between 3% and 2% for both Petrol and Diesel today.

Terkper fails to appear before parliament over DKM saga

In other news, Finance Minister Seth Terkper failed to appear before parliament yesterday to answer questions pertaining to circumstances that surrounded the operations of rogue microfinance companies, DKM, God Is Love and Justa Motors.

Terkper was invited by the Business Committee of Parliament to answer questions concerning the recent controversies that rocked the microfinance sector.

However, the finance minister is said to be part of the President's entourage to Tehran to boost bilateral relations between the two countries hence his inability to appear before parliament.

 

We go to the currency market now where

Currency                      Buying                         Selling

Dollar                            3.87                             4.17

Pound Sterling             5.60                             5.90

Euro                             4.36                            4.56

 

To updates from the stock exchange today

Societe Generale Ghana Limited were biggest losers of the day dropping 4p to close at 0.80 p…whereas Ghana Oil Company Limited recorded the biggest gain of the day inching up by a pesewa to close at 1.45p

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