Prices of petroleum products are expected to fall significantly beginning this Friday, December 16, 2022, the Institute for Energy Security (IES) has projected.
According to IES, the expected price drops would be significant due to the 6.60% appreciation of the cedi against the US dollar.
It said the new prices will fall to about ¢13 and ¢16 per litre for petrol and diesel, whilst Liquefied Petroleum Gas will go for about ¢12 per kilogram.
Even before that, some Oil Marketing Companies (OMCs) have begun reducing the prices of petroleum products at the pumps.
Source: Mybrytnewsroom.com/Kwabena Nyarko Abronoma
