Fuel prices to increase by almost 7% in September – IES

The increase is, however, attributed to the continuous depreciation of the cedi against major trading currencies particularly the dollar.

“Whereas the price of petrol has fallen by 5.87% and that of Liquefied Petroleum Gas (LPG) by 3.28% on the world market, the Institute of Energy Security (IES) projects that prices of these products would rise at the pumps. For diesel, the 6.48% increase in price will further increase the rate of price jump in September (2022),” as quoted by myjoyonline.com.

The price of Brent crude is selling at $109 per barrel.

However, a liter of petrol is currently selling at a little over GH¢11 and GH¢13.70 for diesel at various fuel pumps.

SSD/FNOQ