Fuel prices now reduced by 5%

Fuel prices now reduced by 5%

Fuel prices have been reduced by 5 %, the chamber of petroleum consumers reveals.

A statement signed by the executive secretary of the chamber of petroleum consumers, Duncan Amoah indicates:

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"Prices on the world markets over the past 4 windows have gone down by over 17.164% from previous levels of $50.22/barrel to the current indexes of $41.60/barrel but the local pumps have till date adjusted by less than 5% cumulative across most OMCs."

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To this effect, Ghanaians are being asked to patronize the few oil marketing companies who have demonstrated price sensitivity over the period as its the only way those charging higher currently will begin to appreciate the need to give value for money in petroleum prices.

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