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Fuel prices set to hold as cedi stability and lower crude ease pressure on consumers

By GhanaSummary Newsroom1 min read
Fuel prices set to hold as cedi stability and lower crude ease pressure on consumers

According to the Petrosol CEO, two key factors are driving the current outlook: international fuel prices and the stability of the Ghana cedi.“Because anytime international prices even increase and by, or decrease, in the past there’ve been instances where the international prices would decrease, but yet the cedi will, you know, depreciate sharply, and then we will be forced to, you know, increase prices on the market, and the consumer will not understand, because I mean they see that prices are coming down, so why?”Fuel prices are expected to remain stable in the next pricing window, with a relatively stable Ghana cedi and lower international crude oil prices easing pressure on consumers.

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