The price of petrol is expected to go up to GH₵12 per litre effective Wednesday, June 1, the Institute of Energy Security (IES) has predicted.
The increase at the pumps represents a surge from five to nine per cent,
compared to the last pricing window, which ended on May 31, 2022.
According to the IES, although there has been a 5.49 per cent drop in the
price of petrol on the international market, this may not necessarily lead to a
reduction at local retail outlets as most marketers would look to maintain
their prices to offset the losses from the depreciation of the cedi.
Diesel and Liquefied Petroleum Gas (LPG) prices will, however, remain stable, a
projection by the IES indicates.
“On the back of the cedi’s depreciation and the 11.05 per cent jump in the
price of Gasoline on the international fuel market, Gasoline in Ghana is set to
sell above GH₵10 per litre, which translates into GH₵45 per gallon,” it said.
Currently, a litre of petrol and diesel is selling at GH₵9.85 and GH₵11.95 respectively
at the pumps.
Source:
graphic.com.gh