FUEL PRICES TO GO DOWN SIGNIFICANTLY FROM DECEMBER 16, 2022

Even before that, some Oil Marketing Companies (OMCs) have begun reducing the prices of petroleum products at the pumps.

“With the continued price falls recorded on the international market, consumers are set to see further price relief at the pumps. The Institute for Energy Security (IES) predicts that on the back of 9.02%, 8.08% and 7.38% fall in prices of Gasoline [petrol], Gasoil [diesel] and LPG respectively, the domestic OMCs outlets are set to reduce their prices further”, it explained.