Audio By Carbonatix
The price of Liquefied Petroleum Gas (LPG) is expected to fall by about 7.0% from tomorrow, June 16, 2023.
According to the LPG Marketers Association, the reduction will be caused by about a 10% drop in the prices of the commodity on the international market.
Its Vice President, Gabriel Kumi, said, though the cedi has lost some grounds, the drop in prices of crude oil and finished products on the international market should trigger a fall in the price on the local market by about 7.0%.
“Quite clearly consumers should expect a decline in the prices of LPG beginning tomorrow [June 16, 2023]. We are looking at an average of about 7.0% decrease in the price of LPG”.
“If we are lucky, competition can drive that down to about 10%”, he added.
Crude oil has been relatively stable so far, hovering around $73-76 per barrel over the past two weeks.
The Chamber of Petroleum Consumers had earlier predicted a marginal increase in the prices of petrol and diesel with unchanged price of LPG for the next two weeks.
Latest Stories
-
Vote-buying allegations: Refer Ayawaso East incident to OSP — Mussa Dankwah tells Mahama
2 hours -
Government plots audacious 180,000-hectare coconut expansion to dominate global markets
2 hours -
AMA doubles sweepers’ wages to GH₵800
3 hours -
Ashie Moore admits defeat in war against vote buying
4 hours -
UniMAC mourns with family as student killed in road crash is laid to rest
4 hours -
Bribery scandal rocks NDC Ayawaso East primary as IMANI President demands total annulment
4 hours -
Pollster Mussa Dankwah reacts as Baba Jamal defies projections in NDC Ayawaso East Primary
4 hours -
Government to roll out Free Primary Healthcare in the first week of April
6 hours -
The price of inaction: Why we must invest now to end FGM in West, Central Africa
6 hours -
Mahama recalls High Commissioner to Nigeria Baba Jamal over vote-buying allegations
7 hours -
VALCO not for sale; government pursuing strategic partnership to revive smelter – GIADEC CEO
7 hours -
GIADEC boss warns of job losses as government turns to partnerships to save VALCO
8 hours -
Baba Jamal expresses gratitude, calls for unity after securing Ayawaso East NDC slot
8 hours -
Ayawaso East Primary: TV “gifts” not meant to influence votes – Baba Jamal
10 hours -
Ayawaso East: I’ve been giving gifts this week – Baba Jamal admits giving out TV sets
10 hours