Fuel prices have begun to rise slightly by certain oil marketing companies since the first pricing window opened in December.
Shell has already set the example by raising the cost of gasoline and fuel.
GH₵14.99 is the current retail price of a liter of gasoline, which was previously sold for GH₵14.82 during the second pricing window in November. This represents a little increase.
Diesel, which was once sold for GH₵15.66 a liter, is now offered for GH₵15.72.
Despite anticipation of a general price reduction for both products, this situation occurred during the second pricing window in November, when only the price of gasoline decreased and the price of diesel stayed the same.
At the beginning of the second pricing window on November 16, the Chamber of Petroleum Consumers (COPEC) had previously predicted a drop in fuel costs.
The comparatively positive performance of the cedi over that time frame and global market patterns served as the foundation for this forecast.
Petrol prices on the global market fell from $723.03 per metric tonne to $676.64 per metric tonne, according to data from the energy research tank.
However, four days before the first pricing window in December begins, Shell’s most recent increase suggests a possible trend in fuel price increases.
Source: newsthemegh.com