Prices Of Gasoline, Diesel And LPG To Be Reduced

Prices of Petroleum products are expected to observe some reduction from this end of the week (July 16), with diesel expected go somewhere near over 11%.

This reduction is based on information from some Bulk Oil merchants on valuing of products for the next fourteen days.

Petroleum then again ought to go somewhere around practically 4%, while LPG will fall by practically 10% per Kilogram.

As per Chief Executive of Chamber of Petroleum Consumers, Duncan Amoah, there is each sign that fuel prices will reduce by 5% between the two products – petroleum and diesel.

According to Mr Amoah, diesel has gone down steeply, petroleum has done around 3.8% decrease, and diesel has done practically 11% decrease.

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He however expressed that, the reintroduction of the rebate that government through the Finance Ministry did (15 pesewas and so plus or minus). Here, you are looking at doing about 5.3% cut, effective second window July 2022”.

That implies in ostensible terms, between 50 to 70 pesewas for every liter decrease of petroleum and diesel will be seen at the siphon.

On the expected increase in transport fares, Duncan Amoah said his outfit will beg the vehicle associations to stand by some time and screen patterns concerning fuel evaluating prior to making any vertical change.

“We will make attempt to talk to them to hold on a bit to see what the pumps throw at us. I’m sure their frustrations is also stemming from increases over the past few weeks.”

“We will personally make efforts to at least get to them to say how they could hold on to observe few days what pump prices become”, he ended.