Fuel prices to rise in first pricing window of August – COPEC

The Chamber of Petroleum Consumers (COPEC) has foreseen a slight uptick in petroleum prices during the initial pricing window of August 2023.

It is expected that the pump prices for petrol and diesel will rise by approximately 9 percent from the current average price of GHS 11.90 per liter nationwide.

Moreover, the price of liquefied petroleum gas (LPG) is predicted to experience a 20 percent increase.

Also Read: Prison warden promoted for capturing escaped prisoner

These price increases are attributed to the rise in international market rates for petroleum products, with crude oil witnessing a 10.53 percent increase from an average of $75.85 per barrel to $83.84 per barrel.

COPEC has accordingly projected the following retail prices for petroleum products in the upcoming pricing window:

  • Petrol: GH¢13.27 per liter
  • Diesel: GH¢13.93 per liter
  • Mean price for Petrol and Diesel: GH¢13.33 per liter
  • LPG: GH¢11.79 per kilogram.
Talented blogger who is known for her engaging and insightful content. Her writing is characterized by its clarity, creativity, and authenticity, making her blog a must-read for people who are interested in a wide range of topics. Vera is an excellent storyteller who is able to captivate her readers with her compelling narratives. She has a talent for bringing her ideas to life through vivid descriptions and colorful language, which allows her readers to fully immerse themselves in her stories.

Latest articles

Related articles

Leave a reply

Please enter your comment!
Please enter your name here