Diesel prices have gone up astronomically to almost Gh¢12 (US$1.52) in the Republic of Ghana, West Africa.
As of Thursday, almost all the leading and smaller oil marketing companies have adjusted their diesel prices upward.
GOIL, the market leader, adjusted the price of diesel from Gh¢11.20 per litre to Gh¢11.69 per litre, representing a 40 pesewas increment.
TotalEnergies and Shell also adjusted their diesel prices to Gh¢11.90 per litre while Star Oil and Gaso are selling at Gh¢11.99 per litre.
The upward review of diesel prices is in response to the rising cost of the commodity on the global market.
Diesel price has been soaring as a result of the Russian invasion of Ukraine and the high demand for the commodity.
As of 18th May 2022, the price of diesel was sold at US$1,038.13 per metric tonne.
It was sold at US$1,066.25 per metric tonne previously.
Meanwhile, petrol price remains at below Gh¢10 pesewas per litre.
Source: https://energynewsafrica.com