Diesel Prices Set To Rise As Petrol, LPG Fall
Consumers of diesel could face another increase at the pumps in the second pricing window of August, with prices projected to rise by about 1.39 per cent. Petrol and Read More... The post Diesel Prices Set To Rise As Petrol, LPG Fall appeared first on DailyGuide Network .
Petroleum product prices in Ghana are expected to see divergent movements in the second pricing window of August, with diesel prices set to rise by about 1.39 percent, while petrol and liquefied petroleum gas (LPG) are projected to fall by approximately 2.90 percent and 0.93 percent, respectively. The Chamber of Oil Marketing Companies (COMAC) attributes these changes to developments in the international oil market, geopolitical tensions, and the Ghana cedi's fluctuating value against the US dollar.
The Ghana cedi has lost value against the US dollar, which could potentially reduce the cost of petroleum imports, while increased geopolitical risks and attacks on oil infrastructure have contributed to the rise in diesel prices.
Brief written by urgent.news from Daily Guide Network's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
