- Starting today, January 1, 2024, several Oil Marketing Companies (OMCs) have lowered the pricing of petroleum products at the pump. This is the second consecutive time fuel prices are going down.
- One of the main competitors, Star Oil, seized the lead by lowering the price of a litre of gasoline from ¢12.69 to ¢11.24. it is also selling a litre of diesel for ¢11.24 from the earlier ¢11.69.
- In the upcoming hours, it is anticipated that the other big OMCs will also lower their pricing.
- Nonetheless, observers of the market will give top priority to the margin of price reduction for petroleum products.
- Business stated that the cedi’s stability during the previous two weeks and the ongoing decline in the price of finished petroleum products on the global market had an impact on the lowering.
Source:
myjoyonline
