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The Institute for Energy Security (IES) has projected a 1% and 4% increase in the prices of diesel and Liquified Petroleum Gas (LPG) respectively, from Saturday, September 16, 2023.
The price of petrol, according to the institute, will likely remain the same during the second pricing window.
They attribute the looming increase to the rise in the prices of the fuels and the depreciation of the local currency on global markets.
“The impending increases are coming on the back of an increase in international market price of gasoil by 3.33% and LPG by 2.95%, coupled by a 0.97% depreciation of the Ghana cedi against the U.S. dollar on the foreign exchange market.
By range, gasoil and LPG are expected to go up by 1% to 4% for the next two weeks ending September 2023,” it said, according to a report that Newshuntermag.com came across on myjoyonline.com.
