Business & Finance

Diesel Price Drops By 0.65 Pesewas At Pumps

The prices of fuel have seen a drop in petroleum products at the various pumps.

This reflects new prices for the first pricing window of April 2023.

Pumps like Goil PLC and Total have the same prices for Diesel as of Monday, April 1, 2023, at GHc12.84p.

Per the prices posted by Goil, petrol per litre reduced by 0.3 pesewas.

Meanwhile, Total has reduced a litre of petrol by 0.27 pesewas.

At the end of the last pricing window of March, Goil and Total were selling Diesel at GHC 13.49 per litre and petrol at GHC 12.95 per litre.

The Institute for Energy Security (IES) last week forecast a 2% to 5% decrease in fuel prices in the first pricing window in April and attributed it to a drop in the price of crude oil on the international market and the stability of the cedi against the US dollar.

Ghana has been witnessing a consistent decrease in fuel prices at the pumps but there are fears that this might not continue.

This is because the Organisation of Oil Producing Countries (Opec+) has announced a cut in oil production by more than one million barrels of oil a day.

The announcement on April 2 forced the price of crude oil up on the international market to more than $84, the BBC reported.

Source: Fuseini

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