Fuel prices to drop soon – NPA hints
Ghanaians can now heave a sigh of relief as the National Petroleum Authority (NPA) has assured the public of a reduction in the prices of fuel in the coming months.
The assurance is based on anticipation of the drop in the price of crude oil on the international market.
Chamber for Petroleum Consumers Ghana (COPEC) had already hinted at a six per cent drop in prices at the pumps in the coming days.
Per current standings, diesel is almost GH¢15 per litre while petrol sells for over GH¢11 per litre at the pumps. Some filling stations over the weekend recorded some marginal price drops.
During an interview on Citi FM, the Chief Executive Officer of NPA, Dr Mustapha Abdul-Hamid was optimistic that fuel prices will drop.
”We have enough fuel in the country to meet the demands. There should be no concern regarding the supply of diesel, especially.”
After a rampant increase in the price of fuel at the pumps, consumers seem pleased with the recent drop in prices at some fuel stations and are hopeful of further reductions in the coming months.
This comes as some Oil Marketing Companies across the country reduced their prices by up to 60 pesewas per litre over the weekend.
