Petrol, diesel prices to go down or remain stable; LPG to increase marginally – IES

The Institute for Energy Security (IES) expects petrol and diesel prices to remain stable or decrease from October 1, 2024, while LPG prices may rise slightly without policy intervention. With gasoline prices dropping, international fuel markets saw price hikes for gasoil (1.5%) and LPG (3.83%).

Local cedi depreciation (0.49%) and global crude oil prices in the $70 range contribute to this forecast.

In the local market, petrol and diesel prices fell in late September, with petrol at GH₵13.21/litre, diesel at GH₵13.69/litre, and LPG increasing to GH₵16.43/kg.

Read full article