The Institute of Energy Security has projected a fall in fuel prices by 2.5%.
The expected fall according to the Institute is a reflection of market fundamentals as accepted in a deregulated market structure.
In a press statement, the Institute says, the next pricing ‘window may be a good time for consumers who have been battered with rising fuel prices over the past months.’
“The Second Pricing-window of January 2020 saw majority of Oil Marketing Companies (OMCs) adjusting prices at the pump to record a national average price of Gh¢5.48 and Gh¢5.46 for Gasoil and Gasoline respectively. This represents an average of 2.24% and 1.87% increment for Gasoil and Gasoline respectively. ”
The full statement is below