Nana Amoasi

Cedi Depreciation May Force Marginal Increase In Price Of Petrol, LPG From October 1, 2022

Cedi Depreciation May Force Marginal Increase In Price Of Petrol, LPG From October 1, 2022

The 4.26% depreciation of the cedi in the last two weeks may force prices of petrol and Liquefied Petroleum Gas to go up from Saturday, October 1, 202, the Institute for Energy Security has projected. The price of diesel may however stay same. Chief Executive Officer of the IES, Nana Amoasi, told Joy Business that despite the 8.41% percent fall in the price of Brent crude on the international market in the last two weeks, the cedi depreciation within the period is too much to bring prices of petrol and LPG down. “The Cedi depreciation of 4.26% is enough to…
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