The Chamber of Petroleum Consumers (COPEC) Ghana is projecting significant drops in the prices of fuel at the pumps.
Sampson Addae, Monitoring and Evaluation Officer of COPEC said this when he spoke on A1 Radio’s Day Break Upper East Show with Mark Smith today, Wednesday, December 14, 2022.
“For the second pricing window of the month of December, we are expecting the prices to be reduced by about 10 percent. For the price per litre of petrol, it would come down to around Ghc13 per litre. Diesel would come down to around Ghc16 per litre.”
“LPG would be reduced by about 8 percent. We are also looking at Ghc12 per kilogramme,” he said.
COPEC associates the expected reductions to the fall of prices of crude on the international market and the performance of the cedi against foreign currencies.
“The performance of the cedi is one of the major reasons for the reduction. Also, we have seen significant drops on the international market. As we speak, a barrel of crude is sold for around 75 dollars,” he said.
Source: A1radioonline.com|101.1MHz|Mark Kwasi Ahumah Smith|Ghana