The cost of petrol and diesel will remain unchanged in Ghana for the first half of June 2023. However, LPG users can expect to pay less for their fuel as its price is projected to drop by about 5% in the same period.
This is according to the Institute for Energy Security (IES), which attributed this to the strong performance of the Ghana cedi against the U.S dollar in the domestic forex market in the past two weeks, and the fall in the international market price of LPG, despite the rise in the prices of petrol and diesel.
“The prices of Gasoline [petrol] and Gasoil [diesel] have increased at 4.20% and 2.70% respectively whereas Liquefied Petroleum Gas (LPG) decreased by 5.80%”, as monitored by Global Standard & Poor (S&P) Platts platform, the IES said.
“The Ghana cedi also gained 5.42% against the U.S dollar over the two weeks trading period on domestic forex market”, it added.