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Sunday, September 15, 2024
NewsPump prices for fuel decrease

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Pump prices for fuel decrease

The leading OMC, GOIL, sold a litre of gasoline for $12.95 and a litre of diesel for $13.49. This was discovered during checks this newspaper conducted yesterday at a few filling stations in Accra.

Diesel and gasoline rates from TotalEnergies and Shell, respectively, have been lowered to 13.49 and 12.95 pounds per liter.

Petrosol charges 12.97 for a litre of gasoline while charging 13.37 for a litre of diesel.

The Institute for Energy Security (IES) predicted on Tuesday that gas prices would decrease by between three and ten percent.

The prices of all three major petroleum products—gasoline, diesel, and liquefied petroleum gas (LPG)—were forecast to decline, according to IES.

The IES said, “The last two weeks have seen price indicators on both the domestic and interna­tional fronts falling and this can translate into some price reduc­tions at the pumps for various petroleum products”.

The domestic fuel market prices are projected to fall be­tween ¢12.60 for petrol, ¢13.40 for diesel and ¢14 per Kilo­gramme for LPG. Some Oil Marketing Com­panies (OMCs) have started reducing the prices of petro­leum products at the pumps.

Checks at some filling stations by this paper in Accra yesterday saw the leading OMC, GOIL, selling a litre of petrol at ¢12.95 and diesel at ¢13.49.

TotalEnergies and Shell also have dropped their prices for both diesel and petrol to ¢13.49 and petrol, ¢12.95 per litre

Petrosol is selling a litre of petrol at ¢12.97, whereas diesel is going for ¢13. 37 per litre.

The Institute for Energy Se­curity (IES) on Tuesday projected that fuel prices will fall between three per cent and 10 per cent at the pumps.

IES predicted that the prices of all three key petroleum prod­ucts – petrol, diesel and Lique­fied Petroleum Gas (LPG) were expected to fall.

The IES said, “The last two weeks have seen price indicators on both the domestic and interna­tional fronts falling and this can translate into some price reduc­tions at the pumps for various petroleum products”.

The domestic fuel market prices are projected to fall be­tween ¢12.60 for petrol, ¢13.40 for diesel and ¢14 per Kilo­gramme for LPG.

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