The Institute for Energy Security (IES) has forecasted stable prices for petrol and diesel over the next two weeks. This projection comes amidst recent fluctuations in global and local markets.
According to IES, the anticipated stability is attributed to a slight decline in liquid fuel prices globally, counterbalanced by the recent depreciation of the cedi.
However, the IES predicts a modest increase of approximately 2% in the price of Liquified Petroleum Gas (LPG) in the near future. This expected rise reflects ongoing market dynamics and the impact of currency changes.
Mr. Adam Yakubu from IES elaborated on the institute’s projections during an interview with Hot News. He detailed how both global price trends and local currency conditions have influenced the institute’s forecasts.
Overall, while petrol and diesel prices are likely to remain steady, consumers should prepare for a small increase in LPG costs.
