Petrol, diesel prices to hit GHC10.949 pesewas – COPEC

The Chamber of Petroleum Consumers (COPEC) has predicted an upward adjustment in the price of petrol and Liquefied Petroleum Gas (LPG) in the first pricing window of June 2022.

COPEC, in a statement, said the ex-pump estimations based on the Petroleum Price Indicators and elimination of taxes amounting to 15 pesewas per liter on the price build-up by the government establish an average price of Petrol and Diesel to GHS10.949.

According to COPEC, the average price will go up by 28 pesewas per liter over the previous window.

Petrol COPEC said Petrol is expected to go up by 85 Pesewas but Diesel will be going down by 29 Pesewas.

LPG is also likely to sell at around GHS10.298 per kilogram.

The reduction it explained represents a reduction of about 17 Pesewas per kilogram over the previous window.

”The expected increase in petrol price is primarily due to the depreciation of the Ghana Cedi against the Dollar and increase in prices of processed Petrol as against slightly reduced processed prices for Diesel and LPG on the international market despite an increase in Crude Oil price,” COPEC said.

By: Rainbowradioonline/Ghana

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