The prices of petrol and diesel are expected to drop significantly between 7.1% and 10.8% at the pumps, from Thursday, February 16, 2022.
However, that of Liquefied Petroleum Gas (LPG) will go up for the next two weeks.
According to the Institute for Energy Security (IES), petrol will sell at about ¢14.40 per litre, and diesel going for about ¢13.90 per litre in the coming days.
But the price of a kilogramme of LPG may be hinged up to sell at ¢14.70 before the close of the second pricing window for February 2023.
The expected fall in petrol and diesel is due to a marginal appreciation of the cedi to the dollar and a drop in the prices of petrol and diesel globally.
“Following a global market drop in the price of Gasoline [petrol] and Gasoil [diesel] by some -1.60% and -12.80%, respectively, an increase in the price of LPG by 9.13% on the foreign market, and a marginal appreciation of the Ghana cedi against the US dollar, the domestic fuel market is expected to see significant price changes at the pumps”.
Source:Mybrytfmonline.com
