The Chamber of Petroleum Consumers (COPEC) forecasts a reduction of approximately 5.06% in petrol prices and 3.88% in diesel prices. Additionally, the price of Liquefied Petroleum Gas (LPG) is expected to fall by around 1.14%.COPEC attributes this price drop to a 0.72% decrease in global crude oil prices, which have dropped from $74.63 per barrel to $74.09 per barrel.
However, they note that the cedi continues to depreciate against the dollar.Under the new pricing, petrol will cost GH¢13.582 per litre, while