Local Fuel Prices To Increase Further
Review Of January Second Pricing-Window
By IES Ghana
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Price of fuel on the local market remained unstable within the window under review. Price of petroleum products within the second Pricing-window of January 2021 saw majority of Oil Marketing Companies (OMCs) increasing their figures marginally. The current national average price of fuel per litre at the pump is pegged at Gh¢4.97.
For this Pricing-window, Zen Petroleum, Benab Oil, Petrosol and Frimps Oil sold the least-priced fuel on the local market according to IES Market-Scan.
World Oil Market
For the window under assessment, Brent crude price averaged about $55.75 per barrel mark representing a 5.1o% increase from the previous window's average price of $53.06 per barrel mark.