Chief Executive of the Chamber of Oil Marketing Companies (COMAC), Dr Riverson Oppong, has welcomed the government's GH¢2 per litre diesel subsidy. He described it as a timely intervention to cushion consumers and operators as volatility in the global oil market continues to drive uncertainty in fuel prices. He cited recent movements in crude oil prices to illustrate the unpredictability of the global market. Crude oil is back in the 80-dollar range, having moved from about 100 dollars to around 80 dollars within a week," he said. While welcoming the government's intervention, Dr Oppong suggested that broader geopolitical developments would continue to influence international crude oil prices and, ultimately, fuel prices in Ghana.