Ghana: GOIL Reduces Petrol, Diesel Prices

Ghana’s largest indigenous petroleum downstream oil marketing company, GOIL, has reduced its petrol and diesel prices effective May 5, 2025. According to the price update, petrol (RON 91) is selling at Gh¢13.69 per liter, while petrol (RON 95) is sold at Gh¢15.11 per liter, with diesel being sold at Gh¢14.41 per liter.

During the last window pricing in April, GOIL sold petrol (RON 91) at Gh¢14.50 per liter, while petrol (RON 95) was sold at Gh¢15.95 per liter, with diesel being sold at Gh¢15.30 per liter. GOIL’s current fuel prices are lower than some of its competitors.

In Ghana, fuel prices are reviewed daily by Oil Marketing Companies (OMCs) based on fluctuations in key factors such as exchange rates, cost of refined petroleum products, and inflation. In contrast, fuel prices are reviewed monthly in other parts of Africa.

On the international market, gasoline is sold at US$675 per metric ton, while gasoil is sold at US$621 per metric ton, and LPG is sold at US$471 per metric ton.

Since April, crude oil prices have also tumbled, with Brent selling at $60.42 per barrel and WTI sold at $57.37 per barrel as of May 5, 2025.

Source:https://energynewsafrica.com