Fuel consumers should expect slight upward adjustments in petrol, diesel, and liquefied petroleum gas (LPG) prices beginning tomorrow, according to projections from the Chamber of Oil Marketing Companies (COPEC).
The chamber estimates that ex-pump petrol prices will increase by 1.18% to 3.54%, diesel by 1.53% to 3.82%, and LPG by 1.32% to 3.53% within the next pricing window.
COPEC explains that although international market prices for refined petroleum products have risen sharply, the impact on the local market has been softened by the recent appreciation of the Ghanaian cedi against major trading currencies.
“The marginal increase is driven by the strong cedi appreciation, which offsets the significant surge in international product prices,” the chamber noted.
Global petroleum product prices have climbed in recent weeks, influenced by geopolitical tensions, supply constraints, and fluctuations in crude oil benchmarks. Despite these pressures, the strengthening of the cedi has provided some relief, limiting what would have been a more substantial jump in domestic fuel prices.
The adjustment is expected to take effect across fuel stations nationwide as the new pricing window opens.
Source: www.kumasimail.com
