Fuel consumers can expect some relief at the pumps as diesel and Liquefied Petroleum Gas (LPG) prices are set to decrease, marking the second consecutive drop in January.
This announcement comes from the Chamber of Petroleum Consumers (COPEC) and takes effect on Wednesday, January 17, 2024.
While the exact price adjustments are yet to be finalized, COPEC anticipates a decline for both diesel and LPG due to a global drop in finished product prices. This positive trend comes despite a slight depreciation of the Ghanaian cedi in recent weeks. Interestingly, petrol prices are expected to remain relatively stable, possibly with a minor upward adjustment of around 1%. COPEC Executive Secretary Duncan Amoah explains this dynamic by highlighting current international market trends.
