Fuel prices are said to fall again for the third time between 2% and 9% from April 1, 2023, alongside Liquefied Petroleum Gas (LPG).
The Institute for Energy Security has announced that LPG will go down by about 9%, whilst petrol and diesel will witness between a 2% and 5% drop.
The Institute of Energy Security has disclosed that the prices of LPG and fuel will fall due to the stability of the cedi to the dollar and the easing of prices of finished products on the world market.
“Fuel consumers must expect another round of fuel price drops in the coming days. The imminent price drop is a reflection of happenings on the world fuel market over the past two weeks which shows a decline in prices of gasoline [petrol], Liquefied Petroleum Gas and some other finished products”, Nana Amoasi VII, Executive Director of the Institute for Energy Security told Joy Business.
“In the last 14 days, the price of gasoline [petrol] on the world market posted a drop of $21 per metric tonne. Gasoil [diesel] also dropped by roughly 3.6% from the previous price of $813 per metric tonne”, he added.
He concluded that Ghanaians should expect some relief from the high fuel prices recorded in the past six months, noting “households that rely on LPG will be the most beneficiaries as the commodity may post a hefty drop in prices in the coming days”.
Source: www.ghbase.com
