Fuel pump prices have risen sharply in the first pricing window of August in Ghana, triggering widespread complaints from motorists on social media.
Oil Marketing Companies (OMCs) attributed the increases in pump prices to higher international refined petroleum prices, driven by renewed conflict in the Middle East, as well as domestic market pressures.
Major OMCs began adjusting their pump prices on Monday morning.
GOIL PLC, the market leader, revised its prices, with petrol (Regular) selling at GH¢15.99 per litre and diesel at GH¢19.26 per litre.
Star Oil, the country’s second-largest OMC, also reviewed its prices. Petrol (Regular) is now selling at GH¢15.57 per litre, petrol (RON 95) at GH¢17.77 per litre, and diesel at GH¢18.97 per litre.
TotalEnergies increased its prices, with petrol selling at GH¢16.29 per litre and diesel at GH¢19.49 per litre.
Shell also adjusted its pump prices, with petrol selling at GH¢16.29 per litre and diesel at GH¢19.49 per litre.
Zen revised its prices, with petrol selling at GH¢15.05 per litre and diesel at GH¢18.15 per litre.
Dukes Petroleum also revised its prices, with petrol selling at GH¢14.97 per litre and diesel at GH¢17.60 per litre.
IBM is selling petrol at GH¢15.99 per litre and diesel at GH¢19.20 per litre.
PETROSOL is selling petrol at GH¢14.98 per litre and diesel at GH¢17.98 per litre.
Other OMCs have signalled their intention to adjust pump prices before the close of business on Monday.
Data from the National Petroleum Authority (NPA), the regulator of Ghana’s downstream petroleum sector, showed that the international benchmark price of petrol rose to $1,092 per metric tonne from $970 per metric tonne, while diesel increased to $1,216.45 per metric tonne from $974.40 per metric tonne.
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