Motorists across the country are expressing growing optimism about further reductions in fuel prices, as JoyNews checks confirm a consistent downward trend at the pumps.
The Chamber of Oil Marketing Companies had earlier projected that Ghanaians would soon benefit from lower fuel prices, a development linked to the steady appreciation of the cedi against the US dollar.
Many drivers are now hopeful that fuel prices will drop to a single-digit figure per litre — a change they believe will help ease the burden of the high cost of living.
Fuel prices nationwide are beginning to fall sharply, just as experts predicted days ago.
According to the Chamber of Oil Marketing Companies, this decline is largely due to the cedi’s relative stability against the US dollar.
This trend is clear at many fuel stations, including those in central Accra, where prices have noticeably decreased.
In interviews with some motorists, probing their views on the recent price reductions and what more they expect from government policies on fuel pricing, several shared their thoughts.
“It’s coming down. I noticed the price dropped over the last two weeks, and this morning when I woke up, I saw new prices displayed on the dashboard,” one motorist said.
“When I filled up today, the price was down. Currently, petrol is selling at 11 cedis 57 pesewas at Star Oil,” he added.
“The government is doing their best, and I think Ghanaians should support the good work being done.”
“Initially, the price per litre was around 15 cedis, but now it’s 11.57, which is acceptable. If there’s room for further reductions, they should take it. Honestly, I use Uber for extra errands after work, so this price drop helps a lot,” another motorist said.
“Before, when I spent 300 Ghana cedis on fuel, it wouldn’t last long. Now, even 200 cedis suffices. I drive a big car, and previously it was very tough—fuel would finish quickly. Also, the high prices meant the fuel had a lot of carbon deposits,” he explained.
“You could smell the carbon when you start the car. At least now, prices are coming down, so we should hope for the best. I really pray the price drops to a single digit,” he added.
Asked if the price drop was linked to the dollar’s value, he replied, “Of course, because we buy fuel using dollars. The more the dollar depreciates against the cedi, the better it is for us.”
He continued “If fuel prices reach a single digit, it will reduce transportation costs. Although we don’t use fuel for farming, cheaper fuel affects the entire economy positively.”
While motorists remain hopeful for further decreases, it remains uncertain how much more prices will fall. The collective hope for Ghanaians is that fuel prices will continue to decline, easing the cost of living and transportation nationwide.
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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
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