It is anticipated that fuel prices will rise once more in the first part of June 2024.

Source: newsthemegh.com/Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Fuel prices are expected to increase again in the first half of June 2024, the Institute for Energy Security (IES) has predicted.

This is according to developments in the foreign fuel and domestic forex markets, as the Cedi’s performance worsens.

“Gasoline [petrol], Gasoil [diesel], and Liquefied Petroleum Gas (LPG) all recorded a decrease of about 4.17%, 0.87%, and 3.44%, respectively over the last two weeks.

Given the favourable price changes recorded on the international market for these products, prices at the local pumps should ordinarily reflect a reduction to relieve consumers.