ASEC projects up to 9% drop in fuel prices in Ghana
The Africa Sustainable Energy Centre (ASEC) has announced a projected 5–9% drop in fuel prices across Ghana in the upcoming pricing window, driven primarily by the recent appreciation of the Ghanaian cedi against the US dollar. Ghana operates a bimonthly fuel pricing system, and as the next window approaches, market indicators point to a significant shift in pricing dynamics. The strengthening of the cedi means importers now require fewer local currency units to purchase the same volumes of petroleum products. This development is expected to translate directly into lower pump prices, providing much-needed relief to consumers. According to ASEC’s market assessment, petrol is expected to sell between GHS 12.00 and GHS 12.60 per litre, while diesel prices are forecast to range from GHS 12.60 to GHS 13.20 per litre. This represents a reduction of between 5% and 9% compared to the previous pricing window. While global crude oil prices have also seen a decline, from ap...