Fuel prices to drop by 3% in July

Fuel prices to drop by 3% in July

The Ghana chamber of petroleum consumers says fuel prices are to go down by 3% at the pumps effective the 1st of July.

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“The current pricing window opened with prices on the world market hovering around $49-50.22/ barrel whiles the aggregate pricing on the international market following the shocking exit of the United Kingdom from the European Union has largely been between $46-48/barrel though world markets today opened at around $50/ barrel it is believed the next couple of days will also see prices fluctuating lower coupled with a stability in exchange rates locally,” the Chamber said in a statement.

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The chamber is therefore calling on all petroleum service providers to as matter of fairness ensure what is due the Ghanaian consumer by way of reductions in pump prices from the start of the next pricing window to give the Ghanaian value for money.

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