Oil Marketing Companies in the Republic of Ghana have reduced the pump prices of both petrol and diesel for the first pricing window of August, which runs from the 1st to the 15th of August.
As of Monday, leading OMCs such as GOIL, Shell, Star Oil and Zen Petroleum had adjusted their pump prices, with petrol selling between Gh¢14.42 and Gh¢14.02 per litre while diesel is selling between Gh¢14.99 and Gh¢14.48 per litre.
Unlike other parts of Africa where fuel prices are reviewed every month, in Ghana, fuel prices are reviewed every two weeks.
The reduction in fuel prices is a result of a reduction in refined petroleum products on the international market.
During the first pricing window which ended on July 31, a US dollar was exchanged for between Gh¢15.48 and Gh¢15.55.
Data from the National Petroleum Authority, the petroleum downstream regulator, showed that the price of refined petroleum products -petrol and diesel went down.
Petrol price decreased to US$817.75 from US$842.98 per metric tonne while diesel price decreased to Gh¢755.93 from US$792.32 per metric tonne for the first pricing window of August.
Crude oil prices also witnessed some decreases during the second window of July, with Brent falling from $87 to $80 per barrel and WTI falling from $84 to $73 per barrel.
Currently, GOIL is selling petrol (Ron 91) at Gh¢14.42 per litre while petrol (Ron 95) is sold at Gh¢15.52, with diesel being sold at Gh¢14.99 per litre.
Shell is selling petrol at Gh¢14.87 per litre while diesel is sold at Gh¢14.92 per litre.
TotalEnergies is selling petrol at Gh¢14.90 while diesel is sold at Gh¢14.90 per litre.
Star Oil is selling petrol at Gh¢13.65 per litre while diesel is sold at Gh¢14.02 per litre.
Petrosol Ghana is selling petrol at Gh¢14.39 while diesel is sold at Gh¢14.68 per litre.
Zen Petroleum is selling petrol at Gh¢13.65 per litre while diesel is sold at Gh¢14.02 per litre.
Puma is selling petrol at Gh¢14.45 per litre while diesel is sold at Gh¢14.60 per litre.
Allied is selling petrol at Gh¢13.65 while diesel is sold at Gh¢14.02 per litre.
Pacific is selling petrol at Gh¢14.39 per litre while diesel is sold at Gh¢14.79 per litre.
Engen Ghana is selling petrol at Gh¢14.65 while diesel is sold at Gh¢14.85 per litre.
Benab is selling petrol at Gh¢13.65while diesel is sold at Gh¢14.02 per litre.
Source: https://energynewsafrica.com