The first pricing window in the month of May is expected to see stable fuel prices, according to the Chamber of Petroleum Consumers of Ghana (COPEC).
This, according to COPEC, is a result of the drop in benchmark petroleum product prices on the global market.
Duncan Amoah, the Executive Secretary for COPEC, said in an interview with Citi News that a number of oil marketing companies will lower their diesel rates to match those for gasoline after having previously offered higher prices during the second pricing window in April.
He also argued that the government should focus on stabilizing the local currency to maintain reductions at various pump outlets in May.
“The world market benchmark is declining, so it is anticipated that we will be able to sustain a reduction at the pumps if we concentrate more on stabilizing the local currency, the cedi.”