CHAMBER OF PETROLEUM CONSUMERS
ACCRA
14/10/2023
The second pricing window for the month of October under the National Petroleum Authority’s price deregulation programme on petroleum pricing is set to commence from Monday the 16th of October.
Indications of prices based on international price movements and the forex performance over the past forthright points to some marginal reductions across pumps for the coming window as confirmed by CBOD petroleum pricing outlook for the window.
The figures below form the basis of Projections for the Window.
A. International Pricing
- Crude 92.70 (-2.27%)
- Petrol .. $848.3/MT (-13.06%)
- Diesel .. $829.36/MT (-16.48%)
- LPG ..$530.64/MT (-9.67%)
Thus, Petroleum prices generally have witnessed a significant drop on the international market according to the trading benchmarks.
B. Forex rate
The exchange rate for the Dollar recorded an increase of 1.44% to close trading at GHS12.10/$
C. Projections
- Petrol.. GHS12.098/L
To be selling between GHS11.49/L and GHS12.70/L within ±5% of COPEC’s Projections
(Current market Mean Price =GHS12.63/L)
Expected Mean % drop (3.73%)
- Diesel.. GHS12.694/L
Projected to be selling for between GHS12.06/L and GHS13.33/L within ±5% of COPEC’s Prediction.
(Current Mean Price = GHS13.40/L)
Expected Mean % drop (5.55%)
- LPG.. GHS12.147/kg
To be selling between GHS11.54/L and GHS12.75/kg within ±5% of COPEC’s Prediction.
(Current Mean Price = GHS13.40/L)
Signed.
Duncan Amoah
Executive Secretary.
