IES forecasts fuel stability for second pricing window of October 2020

According to the institute, a vast of the Oil Marketing Companies (OMCs) have kept their prices unchanged within the period.

Presently, the average price of fuel at various pumps across the country stands at GH¢4.53.

According to an IES market scan, Zen Petroleum, Benab Oil, SO Energy and Alinco Oil traded the least-priced Gasoline and Gasoil on the local market in the October pricing window.

Meanwhile on the global oil market, Brent crude price averaged about US$41.90 per barrel for the pricing window under valuation.