Fuel prices indicator index launched

The Ghana Chamber of Bulk Oil Distributors today launched a fuel prices indicator index.

The index which will be published weekly is supposed to serve as a guide as to how much BDCs are selling products to Oil Marketing Companies.

At the launch today, it appeared that the BDCs have offered an average of a 23 percent reduction in prices of petrol, diesel, kerosene and LPG to the OMCs, but how will this reflect on the prices at the pumps from tomorrow. 

An Energy Expert and CEO of Ghana Institute of Policy Options, Dr. Charles Wireko Brobbey, chaired and launched the initiative.

GBC