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
-
Mortgage repayments and existing debts should not exceed 50% of income – Republic Bank
9 minutes -
Republic Bank to offer up to 100% mortgage financing at JoyNews Habitat Fair clinic.
11 minutes -
You sounded like an NDC official – Arthur Kennedy criticises Chief Justice over SOE comments
38 minutes -
Lands Minister inspects Ankobra, cites progress in galamsey fight
45 minutes -
GRA clarifies phone, laptop duty rules; number of items not automatic trigger
1 hour -
2026 U20 WWC: GFA Prez Kurt Okraku visits Black Princesses in Poland ahead of opener against Ecuador on Sunday
1 hour -
Ghanaian Coaches dominate Ghana Premier League 2026/27 dugouts
2 hours -
Black Maidens drawn against Nigeria, Togo and Niger in WAFU B U-17 Cup
2 hours -
GMTF Administrator hails NHIA boss on first anniversary
3 hours -
Today’s Front pages: Friday, September 4, 2026
3 hours -
From Kantamanto to the TEDx Stage: How waste became innovation
3 hours -
MMDCEs charged to ensure Landing Beach Committees do not sell premix fuel beyond approved prices
4 hours -
The Inconvenient Truth: Democracy does not fail in The Chamber, it fails in the Committee Room
4 hours -
There is absolutely nothing wrong with what the Chief Justice said
4 hours -
App launched to help Ghanaians verify prospective partners’ marital status before marriage
4 hours