JUST IN: Fuel prices reduced by 5%

Fuel prices have been reduced by 5 %, the chamber of petroleum consumers reveals.

A statement signed by the executive secretary of the chamber of petroleum consumers, Duncan Amoah indicates:

“Prices on the world markets over the past 4 windows have gone down by over 17.164% from previous levels of $50.22/barrel to the current indexes of $41.60/barrel but the local pumps have till date adjusted by less than 5% cumulative across most OMCs.”