Ghana: Consumers Happy Over Drastic Drop In Fuel Prices

Consumers of petroleum products have expressed happiness over the continuous fall in prices of fuel across various filling stations in the Republic of Ghana.

Fuel prices shot up astronomically in the West African nation with diesel being sold at Gh¢23.49 per litre while petrol sold at Gh¢17.89 per litre.

The increment in fuel prices which was triggered by the weak Ghanaian cedis against major international currencies and rise in crude oil prices pushed goods and services upward.

Fuel consumers lamented over the situation due to unbearable hardships it brought on them.

Interestingly, since November fuel prices have been dropping significantly bringing some form of relief to consumers.

As of December 1, which was the first pricing window, petrol was selling at Gh¢15.41 per litre while diesel sold at Gh¢18.86.

On Friday 16th December 2022, which was the beginning of the second pricing window, most oil marketing companies adjusted their fuel prices downward due to fall of crude oil prices and the stability of the local currency, the cedi.

Leading indigenous Oil Marketing Company, GOIL, is selling petrol at Gh¢13.40 per litre while diesel is sold at Gh¢16.10 per litre.

This represents Gh¢2 drop in price of petrol while diesel price dropped by Gh¢2.79 per litre.

Shell is selling petrol at Gh¢13.49 per litre while diesel is sold at Gh¢16.49 per litre.

TotalEnergies is selling petrol at Gh¢13.40 per litre while diesel is sold at Gh¢15.85 per litre.

Petrosol is selling diesel at Gh¢13.15 per litre while petrol is being sold at Gh¢15.79 per litre.

Star Oil is selling petrol at Gh¢12.55 per litre while diesel is sold at Gh¢15.39 per litre.

Zen petroleum is selling petrol at Gh12.87 per litre while diesel is sold at Gh15.69.

Alinco oil is selling petrol at Gh¢12.40 while diesel is being sold at Gh¢15.40

Dukes petroleum is selling petrol at Gh¢12.50 per litre while diesel is sold at Gh¢15.50.

Comments monitored by energynewsafrica.com on social media platforms show consumers are happy.

Mr. Frank Asare, a banker, said he was hopeful that GH¢400 worth of fuel would now be enough for him to commute to work weekly.

“On Monday, I bought GH¢500, but I have been informed that it has been reduced and with the new rate, I am hopeful that GH¢400 will be enough for me,” he said.

Mr. Evans Kwakye, a taxi driver, said the continuous rise in fuel prices in the last few months took a heavy toll on his business, compelling him to purchase fuel on credit, which attracted interest.

“Previously I used to roam in search of passengers, but I had to join a station because I could not afford fuel. The drop in prices will help us a lot and we hope that it will drop further in the coming days,” he said.

 Source: https://energynewsafrica.com