Consumers should prepare for mixed movements in fuel prices as the latest pricing outlook points to increases in petrol and LPG prices, while diesel is expected to record a slight reduction from today.
The projections are contained in the latest outlook released by the Chamber of Oil Marketing Companies (COMAC) and sighted by Joy Business.
According to the forecast, petrol prices are expected to increase by between 4.2% and 6.2%. This could push the retail price of a litre to about GH¢15.92 at the pumps.
Liquefied Petroleum Gas (LPG) is also projected to increase by up to 2.24%, with a kilogram expected to sell at around GH¢17.30.
Diesel, however, is expected to offer some relief to consumers. Prices are projected to decline by between 1.65% and 2%, bringing the cost of a litre to about GH¢17.21.
The projections are based on oil marketing companies that purchase petroleum products on credit from Bulk Oil Distribution Companies.
COMAC attributed the mixed price movements to developments on the international market and the continued impact of government-industry interventions aimed at cushioning consumers from sharp price shocks.
Source:Mybrytfmonline.com
