Fuel consumers are likely to see a marginal relief at the pumps in the next pricing window beginning on Wednesday, November 16. 

Prices of petrol and diesel are projected to see a decline. 

However, that of Liquefied Petroleum Gas (LPG) is predicted to go up. 

This is the prediction of the Chamber of Petroleum Consumers (COPEC).

Petrol and diesel prices likely to go down, LPG to rise – COPEC predicts 
Duncan Amoah, Executive Secretary of COPEC

In a press statement issued on Tuesday and signed the Executive Secretary of COPEC said the price of petrol is likely to reduce to ¢16.07 per litre. 

“The international benchmarks saw a slight increase in price by less than $6/mt from $963.43 to $969.08, with a relative stability and availability of the forex to the petroleum importation market, retail prices could likely move downwards to ¢16.07/L from averages of 17.42/L.”

For diesel, he said the price is likely to be adjusted downwards to ¢20.25.

“International price benchmarks have seen diesel prices decline by $123/mt from $1,220.82/mt to $1,097.35, the expected retail price average could decline from current averages of 23.43/L to averages of GHS20.25/L.

But for LPG, the statement attributed the expected increase in price to an increase in its international benchmarks.

“International benchmarks for LPG have seen an increase of about $32 from $598.27 to $630.56, this could be expected to lead to an increase in retail price on current retail averages of 12.10/kg to a likely retail price of 13.51/kg,” the statement added. 

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.