Ghana’s largest indigenous petroleum downstream oil marketing company, GOIL, has reduced its petrol and diesel prices effective May 19, 2025.
According to the price update, petrol (RON 91) is selling at Gh¢13.27 per litre, while petrol (RON 95) is sold at Gh¢13.87 per litre, with diesel being sold at Gh¢15.27 per litre.
During the first window pricing in May, GOIL sold petrol (RON 91) at Gh¢13.69 per litre, while petrol (RON 95) was sold at Gh¢14.41 per litre, with diesel being sold at Gh¢15.11 per litre.
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$673 per metric ton, while gasoil is sold at US$589.75 per metric ton, and LPG is sold at US$458.75 per metric ton.
Since April, crude oil prices have been relatively stable, with Brent selling at $64.89 per barrel and WTI sold at $62.03 per barrel as of Monday, May 19, 2025.
Source:https://energynewsafrica.com
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