Prices of petrol and diesel are expected to remain the same
in the first half of June 2023.
The price of Liquefied Petroleum Gas (LPG) however is
expected to decline by roughly 5% in the same period
The Institute for Energy Security attributed this to the
strong performance of the Ghana cedi on the domestic forex market during the
last two weeks, and the drop in the price of LPG on the international market.
“The Institute for Energy Security’s (IES’) review of
prices over the past two weeks as monitored by Global Standard & Poor
(S&P) Platts platform indicate the prices petrol and diesel have increased
at 4.20% and 2.70% respectively whereas Liquefied Petroleum Gas (LPG) decreased
“The Ghana cedi also gained 5.42% against the U.S dollar
over the two weeks trading period on domestic forex market”, it added.
The IES also noted that the ex-pump prices of petrol and
diesel fell at an average of 3% in the second pricing window for May 2023. The
IES also found that the national average price per litre for petrol and diesel
is currently GH¢11.90 and LPG at about ¢13 per kilogramme.