The prices of petrol and diesel have gone up significantly at the pump in the Republic of Ghana, effective April 16, 2024.
A litre of diesel is selling between Gh¢14.80 and Gh¢13.83 while a litre of petrol is selling between Gh¢14.99 and Gh¢13.10.
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 for April which ended on April 15, 2024, a litre of petrol was sold between Gh¢13.13 and Gh¢14.15 while diesel was sold between Gh14.11 and Gh¢14.74 per litre.
The increment in fuel prices is due to the rising cost of refined products on the international market and exchange rate volatility.
Leading oil marketing company—GOIL Plc is selling petrol at Gh¢14.99 per litre while diesel is sold at Gh¢14.70 per litre.
Star Oil is selling petrol at Gh¢13.83 per litre while diesel is selling at Gh¢13.73 per litre.
Shell is selling petrol at Gh¢14.29 per litre while diesel is sold at Gh¢14.74 per litre.
TotalEnergies, one of the market leaders, is selling petrol at Gh¢14.30per litre while diesel is sold at Gh¢14.80 per litre.
Petrosol Ghana Limited, one of the top ten OMCs, has also adjusted its pump prices and is selling petrol at Gh¢14.27 per litre while diesel is sold at Gh¢14.69 per litre.
Zen is selling petrol at Gh¢13.73 per litre while diesel is selling at Gh¢13.96 per litre.
Engen Ghana is selling petrol at Gh¢14.20 per litre while diesel is selling at Gh¢14.60 per litre.
Allied Oil is selling petrol at Gh¢13. 65 per litre while diesel is sold at Gh¢13.83 per litre.
Pacific Oil is selling petrol at Gh¢13.98 per litre while diesel was sold at Gh¢14.28 per litre.
Dukes is selling petrol at Gh¢13.45 per litre while is sold diesel at Gh¢13.80 per litre.
Alinco is selling both petrol and diesel at Gh¢13.80 per litre.
Data from the regulator, National Petroleum Authority (NPA), also showed prices of finished products—diesel and petrol—jumped on the international market within two weeks.
Petrol went up to US$937.68 per metric tonne while diesel went up to US$841.38 per metric tonne.
Source: https://energynewsafrica.com