Ghanaians can brace themselves for a slight fuel price rise in the second pricing window of April according to the Institute of Energy Security (IES).

The IES statement held that rise in the prices will occur “irrespective of the 2.5 percent appreciation of the Ghana Cedi against the dollar” but while some Oil Marketing Companies (OMCs) could keep prices unchanged in order to maintain market share as part of the deregulation policy, most OMCs are likely to take advantage of the window to make up for previous depressed margins.

Average Brent crude price has gone up by 3.98 percent with a corresponding 12.97 percent increment in the price of Gasoline and 1.42 percent for Gasoil on the International market accounting for the slight rise.

Per the Institute’s market scan, Gas oil and Gasoline continue to be sold on average terms at GHc5.12 and GHc5.15 respectively.