The Institute of Energy Security (IES) predicts that fuel costs will reduce slightly in the coming days.
This is despite an almost 11 per cent drop in prices on the world market.
The about 3.6 per cent depreciation of the cedi against the dollar has however thwarted any significant drop in prices at the pumps.
Petrol is now priced at GHS11.55 per litre, while diesel is priced at GhS14.50 per litre. Despite the fact that the commodity began the year at around GHS6.5 per litre.
Similarly, the dollar is now worth more than GHS10, after selling for around GHS6.5 in January.
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This comes at a time when transportation providers are clamoring for rate increases owing to the rapid rise in fuel prices.
SOURCE: CITINEWS
