Ghana’s leading Indigenous Oil Marketing Company, GOIL PLC, has announced a reduction in the prices of both Super XP (Ron 91) and Diesel XP for the first pricing window in September 2024.
A litre of Super XP (Ron 91) has been reduced to Gh¢14.16 from Gh¢14.22 per litre while Diesel XP has been reduced to Gh¢14.70 from Gh¢14.90 per litre effective Monday, September 2, 2024.
This means that petrol has witnessed a reduction of 6 pesewas while diesel witnessed a 20 pesewas reduction.
Since the second pricing window in August, the cost of refined petroleum products has been declining, with petrol falling to US$779.10 per metric tonne while Diesel declined to about US$712.8 per metric tonne.
Forex (exchange rate) which is also one key determinant of cost ex-pump price of fuel has also seen some stabilisation, with a dollar being exchanged for Gh¢15.73
Source: https://energynewsafrica.com