“Major filling station will determine the price of fuel in the second half of August”- Researcher
Filling stations will be the major decision-makers in determining fuel prices in August.
Joana Somiah 
Research Analyst for the Institute for Energy Security, Fritz Moses (IES) has said the major filling stations will determine the price of fuel even though they are anticipating some reduction in the second half of August.
(IES) has announced that fuel prices in Ghana will see some reduction in the second half of August at the various pumps.
The current national average price of fuel per litre at the pump remains pegged at GH¢5.97 for both Gasoline and Gasoil on account of the relative price stability.
According to IES, its 15-day rolling basis confirmed that the price of fuel on the local Ghanaian market remained stable within the window under assessment.
It noted that prices of petroleum products within the first pricing window of August 2021 saw the Oil Marketing Companies (OMCs) maintain prices at the pump from the first pricing window of July.
The first pricing window also saw Zen Petroleum, Benab Oil, Cash Oil, Goodness Oil, Top Oil and Frimps Oil recorded as the OMCs that sold the least-priced fuel on the local market, according to the IES Market-Scan.
Taking into consideration indications on the world market and the cedi's performance against foreign currency, Fritz Moses says prices of fuel in the second window will see a reduction.
Nana Ama Asiedu, Bono Region
