Prices of finished petroleum products at the pumps is expected to increase marginally by some 2.1 percentage points next week.
This is according to data secured from Bulk Oil Distributors (BDCs) in the country.
The once again price increment in petroleum products at the pumps is believed to be driven by rising prices of petroleum products on the international market on the back of cuts in oil production by major oil producing countries and projections that Covid-19 could be soon contained with the discovery of vaccines.
On the back of the 2.1 percentage points at the pumps, a litre of petrol is expected to sold at Ghs 5.20 pesewas with a gallon going for Ghs 23.40 pesewas.
A litre of diesel is also expected to be sold for Ghs 5.23 pesewas with a gallon sold at Ghs 23.53 pesewas.
The expected increment in petroleum prices will go beyond the 10 per cent benchmark set by the Ghana Private Road Transport Union (GPRTU) by which it will commence talks with government to increase transport fares.
