Pink 96.9 fm your life, your music
Related Articles
The price of fuel is anticipated to be reduced to about 2 percent this week.
With the reduced prices at the various pumps, consumers should be buying a litre of petrol for 4 cedis 75 pesewas.
This indicates a gallon of petrol could be sold at 21 cedis 38 pesewas, down from the 21 cedis 83 pesewas.
This development is because the price of petrol is reducing on the global market as supply has outstripped demand.
But it is likely the price of diesel could remain unchanged or if any drop, it will be quite insignificant.
This is because the price of diesel on the global market has seen little or no drop as demand is high compared to supply.
This is because the price of diesel on the global market has seen little or no drop as demand is high compared to supply.
Currently, a litre of the product could be sold at 4 cedis 85 pesewas or 21 cedis 83 pesewas
According to the Executive Secretary of the Chamber of Petroleum Consumer (COPEC), Duncan Amoah on citi business news stated,“We would wish that the prices go down further as well as the discussion on taxes on fuel products are not forgotten completely. We would also wish that the option of hedging when prices go down should be exploited fully so that we do not wait until such a time where OPEC’s meeting at the end of the month to decide on whether to increase or cut production, may have another effect on global pricing”.
if the price of the fuel is reduced, this will be the second time it has been reduced in the month June.Earlier, it was reduced by 4 pesewas by the Oil Marketing Company (OMC)
Source: Augustina Tetteh/Pinkfmonlinegh.com
