Consumers of petroleum products should expect fuel prices to go up between 5% and 10% at the various pumps across the country from September 2022,
According to the Institute for Energy Security, IES, this will add close to 70 pesewas to the current prices.
Currently, a litre of petrol is going for about GHS11 on average and GHS13 on the average for diesel.
The Institute attributes the rise to the sharp depreciation of the Ghana Cedi against the US Dollar at over 10%.
It is thus advising consumers to plan accordingly to the expected price hikes in the coming days.
“Whereas the price of Gasoline has fallen by 5.87% and that of LPG by 3.28% the Institute of Energy Security (IES) projects that prices of these products would rise at the pumps. For Gasoil, the 6.48% increase in price will further increase the rate of price jump in September.
Beginning September 2022, fuel prices are set to see a sharp jump between 5% to 10% at the various pumps. This will add close to GH70p to the current prices,” it noted.
