Fuel prices have begun to decline across the country, in line with projections by the African Sustainable Energy Centre (ASEC).
This development follows the appreciation of the Ghanaian cedi and improved stability in the international market, among other contributing factors.
ASEC said the reduction is consistent with an earlier forecast that macroeconomic improvements, including foreign exchange gains and adjustments in global crude oil benchmarks, would result in downward pressure on local fuel prices.
While external conditions remain dynamic, ASEC stressed that the recent price cuts offer relief to consumers and businesses alike.
“We are encouraged by this positive movement, which reflects both market responsiveness and improving fundamentals.
“We will continue to monitor key indicators and provide updates on expected trends in the energy market. Stakeholders are advised to stay informed through our official channels,” ASEC noted in a statement.
