Consumers of fuel may have to brace themselves up for more shocks in the next couple of days because the Institute of Energy Security (IES) is forecasting a 3 to 6 percent rise in the price of petrol and LPG and 2 percent increase in the price of diesel on the local market.
According to IES, this is attributed to the 7.64% rise in Gasoline price, 1.90% rise in Gasoil price, and the 6.05% rise in the price of LPG on the international market, plus the growing pockets of fuel shortages across the country.
Although the Cedi appreciated by 0.28% against the dollar, prices of Gasoline, Gasoil and LPG may still see an upward adjustment, barring any intervention from the government.
