Fuel Prices To Stay Same Or Go Down Marginally – COPEC

Fuel prices will remain largely unchanged or go down marginally, beginning 16th April, 2022, chamber of petroleum consumers ( COPEC) has said.

“For the remainder of April 2022, with the 1.5%-cedi depreciation against the dollar, 1.06% fall in petrol price, 3.65% fall in diesel price, and 3.72% fall in the price of LPG per metric tonne, the IES projects relative stability in the price of fuel on the local market”, it said in an interview.

However, it said “some Oil Marketing Companies (OMCs) may decide to reduce their prices marginally in order to increase their market share”.

Mr Sampson Addae Head of Pricing and Research COPEC in an interview with Bohyeba Afriyie on Plan B FM’s Ebanoosen revealed that During the last price window, prices of petroleum products went down marginally after the cedi regained some relative stability against the dollar, whilst the price of crude oil on the world market dipped.

He also said that Petrol sold beyond GH¢9.20 per litre, whereas diesel sold above GH¢10.20 per litre at most Oil Marketing Companies (OMCs).

He Added that This was a reduction of 4.37% on the previous average price of GH¢9.80 per liter for petrol and a 3.46% reduction from the previous deisel average price of GH¢10.70 per litre.

Fuel prices will remain largely unchanged or go down marginally, beginning 16th April, 2022, chamber of petroleum consumers ( COPEC) has said.

“For the remainder of April 2022, with the 1.5%-cedi depreciation against the dollar, 1.06% fall in petrol price, 3.65% fall in diesel price, and 3.72% fall in the price of LPG per metric tonne, the IES projects relative stability in the price of fuel on the local market”, it said in an interview.

However, it said “some Oil Marketing Companies (OMCs) may decide to reduce their prices marginally in order to increase their market share”.

Mr Sampson Addae Head of Pricing and Research COPEC in an interview with Bohyeba Afriyie on Plan B FM’s Ebanoosen revealed that During the last price window, prices of petroleum products went down marginally after the cedi regained some relative stability against the dollar, whilst the price of crude oil on the world market dipped.

He also said that Petrol sold beyond GH¢9.20 per litre, whereas diesel sold above GH¢10.20 per litre at most Oil Marketing Companies (OMCs).

He Added that This was a reduction of 4.37% on the previous average price of GH¢9.80 per liter for petrol and a 3.46% reduction from the previous deisel average price of GH¢10.70 per litre.

Fuel prices will remain largely unchanged or go down marginally, beginning 16th April, 2022, chamber of petroleum consumers ( COPEC) has said.

“For the remainder of April 2022, with the 1.5%-cedi depreciation against the dollar, 1.06% fall in petrol price, 3.65% fall in diesel price, and 3.72% fall in the price of LPG per metric tonne, the IES projects relative stability in the price of fuel on the local market”, it said in an interview.

However, it said “some Oil Marketing Companies (OMCs) may decide to reduce their prices marginally in order to increase their market share”.

Mr Sampson Addae Head of Pricing and Research COPEC in an interview with Bohyeba Afriyie on Plan B FM’s Ebanoosen revealed that During the last price window, prices of petroleum products went down marginally after the cedi regained some relative stability against the dollar, whilst the price of crude oil on the world market dipped.

He also said that Petrol sold beyond GH¢9.20 per litre, whereas diesel sold above GH¢10.20 per litre at most Oil Marketing Companies (OMCs).

He Added that This was a reduction of 4.37% on the previous average price of GH¢9.80 per liter for petrol and a 3.46% reduction from the previous deisel average price of GH¢10.70 per litre.

Fuel prices will remain largely unchanged or go down marginally, beginning 16th April, 2022, chamber of petroleum consumers ( COPEC) has said.

“For the remainder of April 2022, with the 1.5%-cedi depreciation against the dollar, 1.06% fall in petrol price, 3.65% fall in diesel price, and 3.72% fall in the price of LPG per metric tonne, the IES projects relative stability in the price of fuel on the local market”, it said in an interview.

However, it said “some Oil Marketing Companies (OMCs) may decide to reduce their prices marginally in order to increase their market share”.

Mr Sampson Addae Head of Pricing and Research COPEC in an interview with Bohyeba Afriyie on Plan B FM’s Ebanoosen revealed that During the last price window, prices of petroleum products went down marginally after the cedi regained some relative stability against the dollar, whilst the price of crude oil on the world market dipped.

He also said that Petrol sold beyond GH¢9.20 per litre, whereas diesel sold above GH¢10.20 per litre at most Oil Marketing Companies (OMCs).

He Added that This was a reduction of 4.37% on the previous average price of GH¢9.80 per liter for petrol and a 3.46% reduction from the previous deisel average price of GH¢10.70 per litre.