Prime News Ghana

Fuel Prices reduced at the pumps by 1 to 4%

By Michael Abayateye
Fuel reduced at pumps
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Chamber of Petroleum Consumers Ghana(COPECGH) has announced a drop in fuel prices across most oil marketing companies (OMCs) between 1 to 4.23 percent barely a day to end the of the final pricing window for the month of November.

In a release signed by Executive Secretary of COPECGH, Duncan Amoah it stated that most oil marketing companies have begun the current pricing window with prices per litre averaging some 3.680 though others had much higher prices at the pumps.

The steady drop in world oil prices which currently averages $44/litre from previous levels of around $46.35/litre is believed to be largely responsible for the current marginal reductions across most pumps in the country.

So, Energy is currently dispensing the lowest prices on the market at 3.55/litre of pms (petrol) followed keenly by Radiance oil with 3.560/litre.

Petrosol which saw one of the biggest reductions moved from previous 3.745/litre to 3.599 same as Shell and Total who currently are trading at 3.599 and 3.598 respectively.

GOIL maintained its pump prices when markets moved up from 3.630 to 3.750/litre previously and has currently reduced further down to 3.599 representing about 0.85399%.

Pump prices at current levels are expected to remain largely unchanged in the first pricing window of the month of December.

The statement has been copied to Association of Ghana Industries, Ghana Private Road Transport Union ( GPRTU ),Industrial and Commercial Workers Union ( ICU ),Ghana Chamber of Mines and Institute of Statistical Social and Economic Research.

Others include Parliamentary Select Committee On Mines and Energy, Chamber of Bulk Oil Distribution Companies (CBOD), Ghana Standards Authority (GSA), Ghana Automobile Dealers Association (GADA) 
African Centre for Energy Policy (ACEP) and Importers and Exporters Association of Ghana CHAMBER OF Commerce.

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