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Fuel price hike looms as cedi depreciates

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Ghanaians are bracing for a fuel price increase starting Tuesday, July 16, as the cedi's depreciation against the dollar sets the stage for higher petroleum costs. The downstream petroleum market indicates that pump retail prices for petrol, diesel, and LPG will rise, primarily due to the cedi's slide from $1:GHS15.2779 to $1:GHS15.462P (-1.205%) in the next retail pricing window. According to the Chamber of Petroleum Consumers (COPEC), the projected mean retail prices for the petroleum products are: Petrol: GHS14.795/L (up 3.75% from current mean pump retail price) Diesel: GHS15.332/L (up 4.69% from current mean pump retail price) LPG: GHS16.205/kg (up...
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