Ghanaian drivers can expect a slight decrease in petrol prices in early February, while diesel costs are projected to remain unchanged.
This is according to the Chamber of Petroleum Consumers Ghana (COPEC).
The forecast is based on recent trends in international market prices.
Executive Secretary of COPEC, Duncan Amoah explained that while global diesel prices have risen, local inventory costs have fallen, preventing an increase at the pump.
“You are likely to see some nominal adjustment in the price of petrol, while diesel is likely to be maintained at current levels,” Amoah told Accra-based Citi News.
He cautioned, however, that the stable outlook remains fragile.
Ongoing geopolitical tensions could swiftly reverse the trend by spiking global crude oil prices, which would increase import costs and force domestic prices upward
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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.