Ghana’s leading indigenous oil marketing company, GOIL Company Ltd, has announced a further 15 pesewas reduction in fuel prices at all its retail outlets across the country effective December 7, 2021.

This means that a litre of Super XP (Petrol) and Diesel XP will both sell at GHC6.70 from the previous GHS6.85 per litre.

According to the company, the latest reduction in fuel prices is intended to assuage the pain of transporters.

“The truth is fuel prices have gone up in the world over but GOIL decided to further reduce the prices after reducing prices in the last window,” the company said.

The new development comes barely two weeks after GOIL had reduced fuel prices from GHC6.99 per litre to GHC6.85.

In a notice to all GOIL dealers sighted by energynewsafrica.com, it said: “The ex-pump prices on the dispensing pumps at all automated stations in all zones will be changed remotely at 6 am sharp.

“The automated stations are, therefore, advised to take stocks and meter readings by 6 am sharp,” it concluded.

Fuel prices have been rising since the beginning of this year.

Fuel consumers have been lamenting with a call on the government to reduce the tax component on the commodity to cushion Ghanaians.

On Monday, commercial transport operators embarked on a sit-down strike in protest against the high cost of fuel, leaving thousands of commuters stranded.

Source: https://energynewsafrica.com