The Institute of Energy Security, IES, says fuel prices will be marginally stable for the second pricing window for July 2020 across various pumps in the country.

According to them, the stability of the cedi against major currencies and a rise in the prices of Gasoline and Gasoil on the international market, will be the main factors for the marginal increase.

A litre of petrol or diesel is currently pegged at 4 Ghana Cedis, 82 pesewas.

In an interview with Citi Business News, Executive Director of IES, Nana Amoasi VII (the 7th), said competition between Oil Marketing Companies to control and gain more market share and mounting pressure on government to reduce fuel prices may result in prices remaining largely stable in the second Pricing-window for July.

He however added that, prices are likely to go up again due to the increases BDCs place on their prices before selling to the OMCs.

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