The Institute for Energy Security (IES) forecasts a marginal drop in fuel prices for the February pricing window.
The price of gasoil is expected to fall by about 4.26% in the second week of the pricing window, from GH15.90 to GH15.25.
During the pricing window under consideration, the price of liquefied petroleum gas is expected to be GH13.51 per kilogram across the country’s various LPG stations.
According to IES monitoring, the changes in gasoil prices are largely the result of National Petroleum Authority directives for a price adjustment to reflect the government’s Gold for Oil Policy.
Ghana has recently been hit by high oil prices, prompting the government to implement the Gold for Oil Policy, which aims to ensure a consistent and affordable supply of oil.
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