Some Oil Marketing Companies (OMCs) in Ghana have reduced their pump prices for petrol and diesel in the second pricing window of March. Petrol prices have decreased by between 66 pesewas and 30 pesewas, while diesel prices have dropped by between 47 pesewas and 30 pesewas.
In the first pricing window of March, petrol was sold between Gh¢15.79 and Gh¢14.99 per liter, while diesel was sold between Gh¢15.79 and Gh¢15.10.
However, as of Tuesday morning, some OMCs adjusted their prices, with petrol selling between Gh¢14.99 and Gh¢15.47, and diesel selling between Gh¢15.49 and Gh¢15.27 per liter.
The reduction in fuel prices is attributed to the decrease in refined petroleum product prices on the international market and the relative stability of the local currency, the cedi, in recent days. As of March 17, 2025, the average interbank exchange rate for a US dollar was Gh¢15.5478.
In Ghana, fuel prices are reviewed daily by OMCs, based on fluctuations in key factors such as exchange rates, refined petroleum product costs, and inflation. In contrast, fuel prices are reviewed monthly in other parts of Africa.
GOIL is selling petrol (Ron 91) at Gh¢14.99 per litre while petrol (Ron 95) is sold at Gh¢15.42, with diesel being sold at Gh¢15.36 per litre.
Shell is selling petrol at Gh¢15.30 per litre while diesel is sold at Gh¢15.47 per litre. Shell V-Power is being sold at Gh¢16.34 per litre.
TotalEnergies is selling both petrol and diesel at Gh¢15.49 per litre while Excellium is sold for Gh¢16.35 per litre
Star Oil is selling petrol (Ron 91) at Gh¢14.37 per litre while petrol (Ron 95) is sold at Gh¢15.67, with diesel being sold at Gh¢15.27 per litre.
Other OMCs are yet to review their pump prices.
Source:https://energynewsafrica.com
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