Prices of petroleum products to drop - COMAC

Petroleum product prices are expected to drop at the pumps from Friday. This prediction comes from the Chamber of Oil Marketing Companies (COMAC).

Dr. Riverson Oppong, COMAC's Chief Executive, spoke to Joy Business in Accra yesterday. He said the price reduction was anticipated due to the foreign exchange rate.

A stable forex rate is a positive sign for consumers. It indicates potential price reductions at the pumps.

Dr. Oppong noted that forex rates significantly impact crude oil prices in Ghana.