Fuel prices are expected to remain relatively stable in the first pricing window of June, 2023. Meanwhile, LPG prices are expected to reduce by about 5 percent.
Speaking to Mark Smith on A1 Radio’s Mark Smith on the Day Break Upper East Show, the Monitoring and Evaluation Officer for the Chamber of Petroleum Consumers (COPEC) Ghana, Sampson Addae, the relative appreciation of the cedi is to account for the relative fuel price stability despite slight increases in the prices fuel on the international market.
“We are expecting that petrol and diesel will stabilise in terms of the prices. Even if it would go up, it would be marginal. This is because even though we are seeing 4 and 2 percent increases on the international market, the cedi has appreciated so that would account for the stable price.”
“For gas, we had a reduction on the international market and with the cedi appreciation, we are expecting about 5 percent decreases in the price in Ghana,” he said.
Mr. Addae was however insistent that the gold for oil policy had no role in stable prices for the current window.
Source: A1radioonline.com|101.1MHz|Mark Kwasi Ahumah Smith|Ghana
