Fuel prices to drop slightly from April 16

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Petrol prices are expected to decrease by 1.5%, bringing the cost of a litre to GH₵14.88, while diesel will drop by 0.3% to GH₵15.50.

Liquefied Petroleum Gas (LPG) is also set to see a 0.3% reduction, priced at GH₵17.45 per kilogram.

This marks the fifth consecutive decline since February 2025, driven by the steady drop in crude oil prices, which have fallen from US$72 to US$64 per barrel.

Additionally, international prices for finished petroleum products, including diesel and LPG, have also decreased.

Despite the expected fuel price reduction, the Ghana Private Road Transport Union (GPRTU) has indicated that other factors, such as the cost of insurance and spare parts, will continue to influence transport fares.

GPRTU representatives suggest that transport fares might only drop if fuel prices reach GH₵12 per litre.

The overall decline in fuel prices could contribute to reducing the cost of living, following a trend of decreasing prices since February.