Eiii, good news dey come for we Ghanaians! Fuel prices dey go chop down small for inside October, according to the Chamber of Oil Marketing Companies (COMAC). Dem say petrol, diesel, and LPG prices dey go reduce between 2% and 4% from October 16th to 31st. Chale, this be something wey go make we smile small.
Why Fuel Prices Dey Chop Down?
COMAC talk say the reason be say international oil prices drop small, plus the cedi dey get strength. You know say if the cedi dey strong, e dey help reduce the price of things wey we dey import, like fuel. Dem mention say petrol prices dey go fall by 2.04% to 4.15%, diesel by 2.08% to 4.10%, and LPG by 2.49% to 4.46%.
International crude oil price sef chop down 1.43% go around US$67.47 per barrel. The cedi too dey rise, e reach 12.25 per U.S. dollar from 12.40. COMAC talk say experts dey say na because foreign money dey enter the country from the things we dey sell outside, plus investors dey trust Ghana more after the IMF review.
What E Mean For We The People?
If the fuel prices chop down like this, e go help reduce the price of things for the market, and e go make transport operators and households dey feel relief small. You know say things dey expensive for Ghana now, so any small relief be big help.
Important Things Wey COMAC Mention
- From 16th July 2025, the Energy Sector Shortfall and Debt Repayment Levy (ESSDRL) (1 cedi levy) start work under Act 1141
So chale, let's hope say the fuel prices go continue to chop down so say we all go fit enjoy small. We go keep you updated as things dey happen!