Consumers of petroleum products must brace themselves for another increase in fuel prices from Thursday, June 16, 2022.
Data from the Bulk Oil Distribution Companies as reported suggests that the price of a litre of diesel is expected to go up by 11.14%, while petrol will go up 13%.
In effect, the average price of fuel is likely to increase by about GH¢1.33 per litre.
Mr Sampson Addae head of pricing and research COPEC speaking to Plan B FM on Ebaanosen hosted by Bohyeba Afriyie stated they are projecting petrol prices to go up by GH¢1.24/Litre which is an 11.41% increase and that of Diesel by GH¢1.43 /Litre also a 12.93% increase.
He said that petrol at various fuel pumps is currently selling at about GH¢10.10 per litre, whereas diesel is going for GH¢12.20.
He revealed that the current expected increment is due to the increasing cost of refinery because there’s a slight reduction in crude oil prices on the international market.
He added that it’s unclear whether the BDCs will negotiate with the OMCs to reduce the margin for the increment but any increment in fuel prices may force commercial transport operators to push for an increment in transport fares.
Discussion about this post