Fuel Prices Drop For The Third Consecutive Time, Analyst Predicts Further Reduction In September [Video]

• Fuel prices are expected to see successive drops in the pricing windows of September 2024
• An energy analyst told YEN.com.gh that demand on the international market is being affected by the diversion into climate-friendly energies
• The drop in fuel prices is also being attributed to the relative stability of the local currency

Some Oil Marketing Companies (OMCs) have started reducing fuel prices at the start of the first pricing window in September 2024.

Fuel prices have dropped for three consecutive pricing windows after a period of steady increases.

The Centre for Environmental Management and Sustainable Energy director, Benjamin Nsiah, told YEN.com.gh that Ghanaians could expect further drops in fuel prices over the next few months.

“International market prices have declined in recent times and the Cedi is also stable. Prices will decline again beginning 16th September,” Nsiah said.

He also noted that demand on the international …