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Petrol prices to drop today with diesel up in mixed pump price review

Petrol prices are expected to fall while diesel prices could rise from today, August 17, in a mixed review of petroleum prices at the pumps. Data from the Chamber of Oil Marketing Companies (COMAC) show that petrol could fall by up to 2.90%, bringing the indicative price to about GH¢15.82 per litre. Diesel, however, is […]

Petrol prices to drop today with diesel up in mixed pump price review

Petrol prices are set to drop by up to 2.90% to around GH¢15.82 per litre, while diesel is expected to rise by 1.39%, potentially reaching GH¢17.73 per litre, according to a mixed review of petroleum prices at the pumps. The National Petroleum Authority (NPA) has reduced its price floor for the second pricing window of August, with petrol falling from GH¢14.53 to GH¢13.92 per litre and diesel decreasing from GH¢16.97 to GH¢15.19 per litre.

These changes are largely driven by international market developments, such as a 2.02% rise in average crude oil prices to US$90.41 per barrel, which has led to varying price movements for refined petroleum products.

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