Fuel prices are to go down by 2% and 9% from April 1
Fuel prices will fall between 2 and 9 per cent for the third consecutive time from April 1, 2023, with Liquefied Petroleum Gas (LPG) expected to witness its biggest decline in recent times.
According to the Institute for Energy Security, LPG will go down by about 9 per cent while petrol and diesel will witness a drop between 2 per cent and 5 per cent.
The institute is attributing the drop in price 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, said.
“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 percent from the previous price of $813 per metric tonne,” he added.
Source: Classfmonline.com/cecil Mensah
Trending News
Gov't invites proposals from private partners to complete Saglemi housing project
13:537-11pm dumsor attributed by ECG to overloaded transformers false – PURC
06:21Mahama is not ready to be president, vote for Bawumia – Nana Kay
02:02PNC's cracks deepen as 11 of 16 national executive members resign to form new party
13:50BVR theft: NDC demands impartial, independent probe
02:36Late Komla Dumor’s elder sister, Mawuena Trebarh, dead
00:55Man held for robbing late vice president's widow of ₵28,000, £50, and $2,200 at gunpoint
13:06'No one above the law!': Court orders CID boss' arrest for 'blatant' disregard of summonses
01:47I’ll make Tano North the middle class hub in Ahafo region – Gideon Boako
13:56Fuel prices up: Petrol, diesel sell at ₵14.99, ₵14.80 per litre
11:49