Crude Oil Price Drops Sharply from $117.60pb to $93.24pb on International Market

Crude Oil Price Drops Sharply from $117.60pb to $93.24pb
Crude oil price has dropped sharply from $117.60pb to $93.24pb on the International market.

Reports say the drop is as a result of a cease fire deal reached by the US and Iranian government following which the most important strait of Hormuz will be opened for trading.

This sharp drop brings relief to a lot of people as fuel price surge is affecting every facet of the economy thereby causing untold hardships.

Currently, price of fuel at the pump is gh13.50 a liter but experts say this sharp drop could bring the price further to gh10 per litre.

Source:www.senaradioonline.com