Ghana’s leading indigenous Oil Marketing Company (OMC), GOIL, has announced a reduction in the pump prices of gasoline (petrol) and gasoil (diesel) at all its retail outlets across the West African nation.
A litre of petrol is selling at Gh16.26 while diesel is selling at Gh19.77 per litre, effective Wednesday morning, according to a release by Robert Kyere, the Public Relations Manager for GOIL Company Limited.
Previously, a litre of petrol was sold at Gh16.82 while diesel was sold at Gh¢20.50 per litre.
This means that a litre of petrol has been reduced by 56 pesewas while diesel saw a reduction of 73 pesewas per litre.
Fuel prices are reviewed every fortnight in the Republic of Ghana, unlike some countries in West Africa where it is done monthly.
The second pricing window will end today, November 30, 2022, and prices of fuel are expected to be reviewed by the oil marketing companies from tomorrow.
Fuel prices shot up significantly across various filling stations due to the depreciation of the cedis and the rise in crude oil prices on the international market.
However, the Ghanaian cedis has witnessed some stability over the last few days while crude oil prices have been hovering around US$85 per barrel.
Source: https://energynewsafrica.com
