Ghanaians will witness one of the biggest drops in petrol prices in recent memory, from today, July 1 – COPEC

Beginning today, July 1, Ghanaian consumers are anticipated to experience one of the biggest drops in fuel costs in recent months as the cost of imported petroleum products is reduced by a stronger cedi and declining global crude oil prices.

According to the Chamber of Petroleum Consumers, considerable price reductions for petrol, diesel and liquefied petroleum gas are anticipated during the first pricing window of July. This will provide relief to homes, businesses and transportation operators following months of pressure from high operating expenses.

Global crude oil prices dropped from US$97.32 per barrel to US$78.16 per barrel over the pricing period, according to COPEC’s most recent predictions, an almost 20.00% decline.

Source: newsthemegh.com