Oil Marketing Companies (OMCs) in the Republic of Ghana have begun reviewing their pump prices in response to rising crude oil prices on the international market.
As of Monday, July 17, 2023, leading oil marketing companies GOIL Plc., Shell and TotalEnergies adjusted their pump prices upward.
Both GOIL Plc. and Shell adjusted their pump prices for both petrol and diesel by 10 and 15 pesewas respectively.
By this, a litre of petrol is sold at Gh¢12.40 while diesel is sold at Gh¢12.45 per litre.
TotalEnergies adjusted both petrol and diesel by 15 pesewas and currently selling both petrol and diesel at Gh¢12.45 per litre.
PETROSOL adjusted both petrol and diesel prices to Gh¢12.19 per litre. Previously, Petrosol sold petrol at Gh¢ 11.99 per litre while diesel was sold at Gh¢12.05 per litre.
Engen adjusted both petrol and diesel prices and is selling petrol at Gh¢12.25 per litre while diesel is sold at Gh¢ 12.35. Previously, Engen sold both petrol and diesel at Gh¢12.15 per litre.
Star oil has also adjusted both petrol and diesel prices and selling petrol at Gh¢11.49 per litre while diesel is sold at Gh¢11.79 per litre. Previously, it sold petrol at Gh¢11.39 per litre while diesel was sold at Gh¢ 11.69 per litre.
Unlike in other parts of Africa where fuel prices are reviewed monthly, in Ghana, fuel prices are reviewed every two weeks.
During the first pricing window on July 1, the crude oil price was hovering around $74 per barrel.
As of Monday afternoon, WTI traded at $74.94 while Brent is sold at $79.34 per barrel.
Source: https://energynewsafrica.com
