Petrol and diesel prices are expected to increase from Wednesday, July 16, as the Chamber of Petroleum Consumers (COPEC) projects marginal hikes during the second pricing window of the month.
The projected increases are being driven by higher international prices of refined petroleum products and the slight depreciation of the cedi against the US dollar, despite a decline in global crude oil prices.
According to COPEC, petrol is expected to sell between GH¢13.15 and GH¢14.53 per litre, while diesel is projected to retail between GH¢14.16 and GH¢15.65 per litre, depending on the pricing decisions of individual Oil Marketing Companies (OMCs).
LPG, however, is expected to record a slight reduction in price after international prices dipped marginally.
COPEC said the increase comes even though crude oil prices fell from US$78 per barrel to US$71.90 during the pricing window, as gains in refined petroleum product prices and a 0.56% depreciation of the cedi offset the decline.
source: Citynewsroom
