Diesel price to increase by 3% but petrol, LPG to fall by 8%, 7%
New data from then Bulk Oil Distribution Companies [BDCs] indicate that prices of petroleum products at the pumps are expected to witness some mixed reviews starting Saturday, July 2, 2022.
Per the new data, the price of petrol is expected to go down by almost 8% per liter. A kilogram of Liquefied Petroleum Gas (LPG) may also go down by over 7%.
However, the price of diesel will increase by over 3% per liter.
Reports indicate that some favorable developments on the international market have influenced the expected reduction in the price of Petrol and LPG.
It is the hope that the over 150 Oil Marketing Companies (OMCs) in the country, will pass on these reductions to consumers beginning this weekend.
Prices of petroleum products shot up by about 11% on June 16th, 2022.
Petrol is currently being sold on the market for about GHS 11 per litre, whereas diesel is going for GHS 14.
Crude oil is presently trading at 117 dollars a barrel, whilst the cedi assumed a relative stability after speculation that government might consider a programme from the International Monetary Fund.
