Petrol and Diesel Prices Surge Amid Cedi Depreciation

Latest data from the Institute for Energy Security (IES), indicates that petrol and diesel prices are expected to surge beginning 2nd April 2024 which is the first pricing Window of Petroleum products in April.

According to their findings, Petrol price is expected to increase by 3.78% and diesel is expected to increase by 0. 8%.

The local fuel pump price increase is a result of a 2.2% depreciation of the Ghana Cedi against the dollar, and a price surge of 3.78% and 0.8% of Petrol and diesel respectively prices on the international market.

Petrol prices are expected to increase by an additional GHC 0.30 per litre, while diesel prices are forecasted to rise by GHC 0.50 per litre respectively.

Despite this, there is a glimmer of stability for LPG prices, which are projected to decrease further in the coming weeks.

Attach is the data from IES


Leave a Reply

Your email address will not be published. Required fields are marked *