Oil Marketing Companies in the Republic of Ghana have adjusted their pump prices upward for both petrol and diesel for the first pricing window of February, which runs from the 1st to the 15th of February 2025.
The adjustment resulted in petrol (gasoline) being sold between Gh¢ 16.20 and Gh¢14.80 per litre while diesel (gasoil) is sold between Gh¢14.99 per litre.
This follows the continuous depreciation of the local currency, the cedi, against major international currencies, especially the United States dollar, and the rising cost of refined petroleum products on the international market.
As of 16th January 2025, the average interbank exchange rate for a US dollar was Gh¢14.8574.
However, data from the Bank of Ghana shows that the average interbank exchange rate for a US dollar is hovering around Gh¢15.3877 as of 5th February 2025.
Unlike other parts of Africa where fuel prices are reviewed every month, in Ghana, fuel prices are reviewed every two weeks.
GOIL is selling petrol (Ron 91) at Gh¢15.85 per litre while petrol (Ron 95) is sold at Gh¢15.96, with diesel being sold at Gh¢15.99 per litre.
Shell is selling petrol at Gh¢16.23 per litre while diesel is sold at Gh¢16.20 per litre.
TotalEnergies is selling both petrol and diesel at Gh¢16.15 per litre.
Star Oil is selling petrol (Ron 91) at Gh¢15.37 per litre while petrol (Ron 95) is sold at Gh¢15.57, with diesel being sold at Gh¢15.37 per litre.
Allied is selling both petrol and diesel at Gh¢14.99 per litre.
Benab is selling both petrol and diesel at Gh¢15.15 per litre.
Goodness is selling petrol at Gh¢14.80 per litre while diesel is sold at Gh¢14.90 per litre.
Puma is selling petrol at Gh¢15.40 while diesel is sold at Gh¢15.56 per litre.
Engen is selling both petrol and diesel at Gh¢15.99 per litre.
Source: https://energynewsafrica.com
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