Major Oil Marketing Companies (OMCs) in the Republic of Ghana have adjusted their pump prices upward by 15 pesewas, energynewsafrica.com can confirm.
As of Thursday, leading OMCs such as GOIL, Shell and TotalEnergies adjusted their pump prices for both petrol and diesel by 15 pesewas.
By this, a litre of petrol and diesel are currently selling at Gh¢12.45.
Unlike in other parts of Africa where fuel prices are reviewed monthly, in Ghana, fuel prices are reviewed every two weeks.
During the last window which ended on May 31, 2023, the three leading OMCs sold both petrol and diesel at Gh¢12.30 per litre while other players sold petrol and diesel between Gh¢11.50 and Gh¢11.99.
Prices of finished products for petrol had been between US$790.45 and US$828 per metric tonne while diesel prices had been between US$683 and US$691 per metric tonne for the past two weeks.
Crude oil prices had also been between US$70 and $76 per barrel for the past two weeks.
Source: https://energynewsafrica.com