Ghana: Fuel Prices To Drop Further As Two More Cargoes Of Fuel Arrive Under ‘Gold For Oil’ Policy

Fuel prices are likely to drop further significantly in the next pricing window from 16th March 2023 as two more cargoes of fuel under the government’s gold for oil programme arrive.

According to sources within BOST, two cargoes of fuel comprising   35,000 metric tons of gasoline and 40,000 metric tons of gasoil arrived at the Tema Port on 25th February and 3rd March 2023.

The products have since been discharged into the storage facilities of BOST.

Already, crude oil prices have declined marginally, with Brent selling around $82 per barrel while WTI is sold at $76 per barrel as of Thursday morning.

The local currency, the cedi, has also witnessed some stability over the last few days.

Last week, Oil Marketing Companies adjusted their pump prices downward with diesel and petrol currently sold between Gh¢12.90 and Gh¢13.80 respectively.

Petrosol, one of the best indigenous Oil Marketing Companies, is selling petrol at Gh¢13.49 per litre while diesel is being sold at Gh¢13.57 per litre.

Engen is selling diesel at Gh¢13.77 per litre while petrol is sold at Gh¢13.69 per litre.

Star Oil is selling petrol at Gh¢12.99 per litre while diesel is sold at Gh¢12.99 per litre.

Puma Energy is selling petrol at Gh13.19 per litre while diesel is sold at Gh13.59.

Alinco oil is selling petrol at Gh¢12.90 while diesel is sold at Gh¢12.90

Duke’s petroleum is selling petrol at Gh¢13.08 per litre while diesel is sold at Gh¢13.40 per litre.

Goodness is selling petrol at Gh¢ 12.90 per litre while diesel is sold at Gh¢12.90 per litre.

Lucky oil is selling petrol at Gh¢13.50 per litre while diesel is sold at Gh¢13.50 per litre.

Allied is selling petrol at Gh¢13.16 per litre while diesel is sold at Gh¢13.46 per litre.

Cash oil is selling petrol at Gh¢13.19 per litre while diesel is sold at Gh¢13.49 per litre.

 Source: https://energynewsafrica.com