Fuel prices at the pump have witnessed marginal drop in the Republic of Ghana, following the fall of crude price on the international market.
Leading oil marketing companies GOIL and TotalEnergies have adjusted their pump prices downward to reflect drop in crude oil prices.
As at Monday morning, GOIL had adjusted Diesel XP price downward from Gh¢13.91 per litre to Gh¢13.63 per litre representing 28 pesewas reduction.
Petrol (Super XP) saw a downward reduction from Gh¢11.41 per litre to Gh¢11.30 per litre.
TotalEnergies adjusted diesel price downward from Gh¢14.59 per litre to Gh¢13.99 per litre while petrol price was adjusted downward from Gh¢11.59 per litre to Gh¢11.30 per litre.
It is likely some other OMCs will adjust their pump prices this week.
Crude oil prices have been falling since the beginning of July.
Last Wednesday, Brent crude took a nose dive falling below $100 per barrel.
It, however, jumped to $102.1 per barrel on Friday, 15 July 2022.
As at 9:00AM Monday, Brent Crude was trading at $103.9 per barrel.
Source: https://energynewsafrica.com