Fuel prices are expected to fall between 2% and 9% for the third time starting April 1, 2023, along with Liquefied Petroleum Gas (LPG).
According to the Institute for Energy Security, LPG prices will fall by about 9%, while petrol and diesel prices will fall by 2% to 5%.
Read: Using phone in the kitchen can cause fire explosion — GNFS
According to the Institute of Energy Security, LPG and fuel prices will fall due to the stability of the cedi against the dollar and the easing of finished product prices on the global market.
“Fuel consumers should brace themselves for another round of price cuts in the coming days.” “The impending price drop reflects events on the global fuel market over the last two weeks, which show 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.
“The price of gasoline [petrol] on the global market has dropped by $21 per metric tonne in the last 14 days.” “Gasoil [diesel] has also fallen by about 3.6% from its previous price of $813 per metric tonne,” he added.
He concluded that Ghanaians should expect some relief from the recent high fuel prices, noting that “households that rely on LPG will be the most beneficiaries as the commodity may post a hefty drop in prices in the coming days.”
