Ghanaians To Pay More For LPG Gas, Petrol And Diesel As Fuel Prices Go Up

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Effective Thursday, June 16, 2022, consumers of petroleum products are expected to pay more for petrol, diesel, and LPG gas.

According to a news report by Joy Business, a litre of diesel is expected to go up by 11.14%, while petrol will sell at 13%.

Data from the Bulk Oil Distribution Companies further indicate that even though crude oil price has been stable on the world market, the cost of refining the products is going up.

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This situation means that Oil Marketing Companies (OMCs) are likely to increase fuel prices on the market.

However, from what happened during the last pricing window, some OMCs had to renegotiate with the BDCs to reduce their prices.

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This situation may occur again and therefore the margin of increment will reduce.
Meanwhile, any increment in fuel prices could force commercial transport operators to increase their fares, and this consequently will lead to an increase rate of inflation and cost of living.

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