Fuel prices in Ghana are expected to show mixed movements in early May, with petrol and diesel edging lower while liquefied petroleum gas rises sharply, according to projections by the Chamber of Oil Marketing Companies.

The industry group said ex-pump petrol prices could dip 0.51%, while diesel may fall by a steeper 6.77% in the first pricing window of the month. By contrast, LPG prices are projected to climb as much as 10.41%, reversing earlier moderation.

The anticipated declines in petrol and diesel are tied to weaker global benchmark prices and the continued effect of a joint government–industry effort aimed at cushioning consumers. LPG’s increase, however, reflects a lagged adjustment under an existing tender arrangement that had previously softened price gains.

On international markets, crude prices fell to about $113.80 a barrel from $129.80, a drop of more than 12%, amid easing geopolitical tensions and shifting expectations around supply risks. Refined products also trended downward, led by diesel, which posted the sharpest decline.

The National Petroleum Authority has adjusted price floors accordingly. Petrol is expected to sell at a minimum of GH¢13.25 per litre, slightly below the previous level, while diesel’s floor drops more significantly to GH¢14.30 per litre. LPG, meanwhile, is set to rise to a floor price of GH¢13.02 per kilogram.

The Ghana cedi weakened modestly over the period, adding some pressure to local pricing, though not enough to offset the impact of declining global fuel costs.

Source:TheDotNews