Prices of petroleum products are expected to witness some mixed reviews at the pump stations from this weekend (2nd July, 2022).
This is based on data from then Bulk Oil Distribution Companies sighted by Joy Business.
The price of petrol is expected to go down by almost 8% per liter.
A kilogram of Liquefied Petroleum Gas (LPG) may also go down by over 7%.
However, the price of diesel will increase by over 3% per liter.
The reduction in the price of Petrol and LPG, Joy Business understands, has been influenced by some favorable developments on the international market.
It is the hope that the over 150 Oil Marketing Companies (OMCs) will pass on these reductions to consumers beginning this weekend.
Prices of petroleum products shot up by about 11% on June 16th, 2022.
Petrol is currently being sold on the market for about ¢11 per litre, whereas diesel is going for ¢14.
Crude oil is presently trading at 117 dollars a barrel, whilst the cedi assumed a relative stability after speculation that government might consider a programme from the International Monetary Fund.
Latest Stories
-
Paris 2024: Opening ceremony showcases grandiose celebration of French culture and diversity
2 hours -
How decline of Indian vultures led to 500,000 human deaths
3 hours -
Paris 2024: Ghana rocks ‘fabulous fugu’ at olympics opening ceremony
3 hours -
Trust Hospital faces financial strain with rising debt levels – Auditor-General’s report
4 hours -
Electrochem lease: Allocate portions of land to Songor people – Resident demand
4 hours -
82 widows receive financial aid from Chayil Foundation
4 hours -
The silent struggles: Female journalists grapple with Ghana’s high cost of living
4 hours -
BoG yet to make any payment to Service Ghana Auto Group
4 hours -
‘Crushed Young’: The Multimedia Group, JL Properties surprise accident victim’s family with fully-furnished apartment
5 hours -
Asante Kotoko needs structure that would outlive any administration – Opoku Nti
6 hours -
JoyNews exposé on Customs officials demanding bribes airs on July 29
6 hours -
JoyNews Impact Maker Awardee ships first consignment of honey from Kwahu Afram Plains
7 hours -
Joint committee under fire over report on salt mining lease granted Electrochem
7 hours -
Life Lounge with Edem Knight-Tay: Don’t be beaten the third time
7 hours -
Pro-NPP group launched to help ‘Break the 8’
8 hours