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Fuel prices to reduce marginally towards end of 2020

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The Chamber of Petroleum Consumers, COPEC, has predicted that fuel prices in Ghana will continue to drop marginally for the rest of the year based on happenings on the international oil market.

The Executive Secretary of COPEC, Mr. Duncan Amoah said there is quite a volatile situation in the middle east where Saudi Arabia is now reducing their export value for even their crude as this would have an effect on finished products. “That notwithstanding, anything else could also happen so it is our anticipation that prices will fall between now and December. But if nothing happens geopolitically to change that dynamic it is quite likely that we will see prices drop.” Mr. Amoah said.

Source: citibusinessnews.com

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