Consumers of petrol and diesel products are expected to enjoy a marginal reduction in prices beginning Thursday December 1, 2022.
According to the The Chamber of Petroleum Consumers (COPEC), the reduction is as a result of the drop in crude price from US96.26 per barrel to US$ 89.05 per barrel on the international market.
Per COPEC’s projection, Petrol will drop by 9.52% from the current price of GHC 16.31 per litre in the next window.
Diesel on the other hand will drop by 4.55% from the current price of GHC 20 per litre at the pump.
“With the following basic info that; Crude prices has dropped from $96,26/barrel to $89.05/barrel (-7.49%) and the dollar rate (GOVT) also increasing slightly from GHS14.4972 to GHS14.9600 (3.19 %) per $1 and maintaining the CBOD rate of $1=GHS17.5, the following shall be the predicted retail figures for Petroleum products from the offices of COPEC.
Petrol
With the international prices decreasing from $969.08/MT to %838.78/MT (-13.45%), the retail price works up to GHS14.76/L”.
According to COPEC diesel is expected to retail at 19.09/L in the next pricing window down from the over GHS20 cedis currently sold per litre.
COPEC also projected that LPG is expected to see a slight decrease in price as the international market witnessed a marginal increase.
Source: theGhanaianvoice.com