Fuel prices in the Republic of Ghana shot up significantly by Gh¢2 on Sunday, energynewsafrica.com can report.
TotalEnergies, one of the leading oil marketing companies, adjusted its pump price for diesel (gasoil) to Gh¢15.99 per litre while petrol (gasoline) was adjusted to Gh¢13.10 per litre.
During the first pricing window which ended on 15th October 2022, TotalEnergies, Shell and GOIL, which are the market leaders, sold diesel at Gh¢13.99 per litre while petrol was sold at Ghc11.10 per litre.
As of Saturday, Star Oil, one of the big players, also adjusted its prices for both diesel and petrol.
A litre of petrol is sold at Gh¢13.79 while diesel is sold for Gh¢15.79.
Likely, other OMCs like GOIL, Shell, Petrosol, Puma and Engen will also adjust their pump prices by tomorrow, Monday, morning.
It would be recalled that diesel prices went down marginally across the various OMCs, with prices of petrol witnessing a marginal increment.
Although crude oil prices are still below $100 per barrel, the continuous depreciation of the Ghanaian cedis against the major international currencies is largely the reason for the latest hikes in fuel prices.
As of Saturday, a dollar was being exchanged for GHc12.50
Source: https://energynewsafrica.com