Motorists and households can expect some relief at the pump as fuel prices are projected to decline in the second pricing window of March 2025.
According to the Chamber of Oil Marketing Companies (COMC), petrol prices are expected to drop by 4.5%, while diesel and liquefied petroleum gas (LPG) will see reductions of 3.8% and 3.9%, respectively.
The anticipated price cuts come amid fluctuations in global crude oil prices and adjustments in forex exchange rates, factors that heavily influence fuel costs in the country.
Some industry analysts believe the reduction will provide some respite for consumers who have been grappling with rising fuel costs in recent months.
Meanwhile, the new prices are expected to take effect from mid-March 2025, pending final price adjustments by individual oil marketing companies.
Source: www.ghanaweb.com
