The Institute for Energy Security (IES) is predicting a minimal drop in the prices of fuel for the second pricing window in February.
IES attributes this to a global market drop in the price of Gasoline and Gasoil by some -1.60% and -12.80%, respectively.
IES also cited “an increase in the price of LPG by 9.13% on the foreign market and a marginal appreciation of the Ghana Cedi against the US dollar, the domestic fuel market is expected to see significant price changes at the pumps.”
The IES projects Gasoline to sell at about GH¢14.40, and Gasoil to sell for about GH¢13.90 at the pumps in the coming days.
“However, LPG consumers may have to contend with a price increase for the commodity over the next two weeks ending February 28, 2023. The price of a Kilogram of LPG may hinge up to sell at GH¢14.70 before the close of the second pricing window for February 2023,” the statement added.
Below is the full statement