FUEL PRICES SET TO INCREASE IN THE 1ST WINDOW OF FEB 2024

Fuel Retail Price Predictions for Next Window

Barring unforeseen changes in international petroleum prices ($800.61/MT for petrol, $803.30/MT for diesel, and $532.39/MT for LPG) and with a Dollar:Cedi rate of 1:12.1539, the projected fuel prices are as follows:

Petrol: $12.16/L
Diesel: $12.97/L
LPG:  $12.48/kg

These figures are within ±5% of projection.
Potential Price Ranges:
Petrol: $11.55/L to $12.76/L, depending on OMC
A 3.93% increment from the current mean price of $11.70/L.
Diesel: $12.32/L to $13.62/L, depending on OMC
A 1.91% increment from the current mean price of $12.73/L.
LPG: $11.85/kg to $13.10/kg, depending on LPGMC.
A -0.21% change from the current mean price of $12.27/kg.

After evaluating fuel pricing variants, it appears that LPG prices may remain unchanged, while petrol and diesel are likely to see an increment in the next window.

Signed
Exec Sec, Duncan Amoah
COPEC-GH

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