Prices of petroleum products are expected to go down between 3% and 6% from August 1st, 2022.
The Chamber of Petroleum Consumers (COPEC), says the
reduction would have been bigger if not for the depreciation of the cedi against the U.S dollar.
This reduction in fuel prices will be the second consecutive time since oil prices started falling on the world market.
Executive Secretary of COPEC, Duncan Amoah disclosed that over the two weeks window, the FX has seen some depreciation, from about ¢8.30 to about ¢8.90 pesewas.
Meanwhile what they picked from the market for the first window of August [2022] is an indication that prices at the pumps should have gone down significantly.
Bainamultimedia
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