Source: newsthemegh.com
Fuel prices at the pumps have decreased once more. In accordance with this, the state oil corporation, GOIL, and other oil marketing firms are revising their rates.
The new prices went into effect on April 1st, 2023. A litre of gasoline costs 12.65 pesewas, while a litre of diesel costs 12.84 pesewas, according to GOIL. Prices decreased by between 2% and 5%.
The Institute for Energy Securities predicted last week that starting on April 1, 2023, fuel costs will drop by between 2 and 9% for the third time in a row, with Liquefied Petroleum Gas (LPG) set to experience the greatest drop in recent memory.
LPG prices will decrease by roughly 9%, according to the IES, while gasoline and diesel prices would fall by between 2% and 5%.
The cedi’s stability versus the dollar and the softening of the pricing of completed goods on the global market, according to the institution, were the two factors that caused the price decline.