Fuel prices to fall marginally on Thursday May 16

Prices of all petroleum products, i.e Petrol, Diesel and LPG are likely to experience a marginal fall in their prices when the next pricing window kicks in on Friday, May 16.

The price of a litre of premium petrol at the pumps crossed the 15-cedi mark when the first pricing window of May kicked in on Wednesday, May 1.

Diesel and Gas on the other hand saw a decrease in their ex-pump price as their price fall on the international market was significant enough to offset the about 2% depreciation the cedi suffered against the dollar un that period.

In the upcoming window, despite the cedi once again recording a fall of about 3%, all three products saw a price fall of about 5% on the international market per market data cited by cedi talk, implying price at the pump could fall by some 2%.

This could mean premium petrol could revert back to under 15ghc.

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