![\"\"](\"https:\/\/www.ghanamma.com\/wp-content\/uploads\/2022\/05\/Fuel-696x455.jpg\" "\\"Fuel\\"\/")
Prices of Petroleum products are expected to witness some decline from this weekend (July 16th<\/sup>), with diesel expected go down by more than 11%.<\/p>\n This is based on data from some Bulk Oil distributors on pricing of products for the next two weeks.<\/p>\n Petrol on the other hand should go down by almost 4%, whilst LPG will fall by almost 10% per Kilogramme.<\/p>\n Chief Executive of Chamber of Petroleum Consumers, Duncan Amoah, said there is every indication that fuel prices will decline or go down by some 5% between the two products \u2013 petrol and diesel.<\/p>\n <\/p>\n This will come as a huge relief to consumers.<\/p>\n \u201cWe pick every indication that pump prices will decline or go down by some 5% between the two products \u2013 petrol and diesel.\u201d<\/p>\n \u201cDiesel has gone down steeply, petrol has done about 3.8% reduction. Diesel has done almost 11% reduction\u201d, he added.<\/p>\n Unfortunately, he said \u201cthe reintroduction of the rebate that government through the Finance Ministry did (15 pesewas and so plus or minus), you are looking at doing about 5.3% cut, effective second window July 2022\u201d.<\/p>\n That means in nominal term, between 50 to 70 pesewas per liter reduction of petrol and diesel will be witnessed at the pump.<\/p>\n On the expected increase in transport fares, Duncan Amoah said his outfit will plead with the transport unions to wait a while and monitor trends with respect to fuel pricing before making any upward adjustment.<\/p>\n \u201cWe will make attempt to talk to them to hold on a bit to see what the pump throw at us. I\u2019m sure their frustrations is also stemming from increases over the past few weeks.\u201d<\/p>\n \u201cWe will personally make efforts to at least get to them to say how they could hold on to observe few days what pump prices become\u201d, he concluded.<\/p>\n <\/p>\n