Starting from Friday June 16, 2023, motorists in Ghana will have to pay more for petrol and diesel. However, there will be no change in the cost of Liquefied Petroleum Gas (LPG).
This will mark the second time in a row that petrol and diesel prices have increased since the beginning of June 2023. The Chamber for Petroleum Consumers (COPEC) attributed the expected hike in petrol and diesel prices to a 4.16% fall of the cedi against the dollar in the last fortnight.
“The average price of crude oil has dropped from $76.04 per barrel to $75.46 per barrel (-0.76%), but the forex or dollar exchange rate has risen from a previous average of 11.3394 to 11.8111 (4.16%) per $1”, it explained.
COPEC stated that petrol will sell on average at GH¢12.21 per litre, while diesel will go for GH¢12.27 per litre. LPG is expected to sell at GH¢10.40 per kilogramme. Therefore, a 14.5 kilogramme cylinder of LPG will cost GH¢150.85.