Petroleum product prices are expected to slightly rise.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Prices of petroleum products are set to increase marginally.

That is according to the latest outlook report by the Chamber of Oil Marketing Companies (COMAC), which guides pricing decisions for oil marketing companies and was seen by Joy Business.

This marks the third time since January this year that fuel prices are projected to rise.

However, this time, the spike has been influenced and driven largely by rising crude oil prices on the international market, as well as increases in finished petroleum product prices.

Our checks show that the rate of increase could have been higher if the cedi had not posted some marginal appreciation against major trading currencies over the past two weeks.

Source: newsthemegh.com