Earlier this week, China’s Sinopec reported a plunge in its first-half profit, citing subdued fuel demand as a reason. According to Kpler, sluggish fuel demand is a global trend, and it is set to extend into next year as well.
Fuel prices on the international market have seen some marginal reductions over the past two-week period, but the sharp depreciation of the cedi on the local market will prevent a reduction on the local market.
prices of petroleum products on the local market will see the biggest reduction in the next pricing window on August 15th, 2022.
Prices of petroleum products are expected to witness some mixed reviews at the pump stations from this weekend