Oil Marketing Companies in the Republic of Ghana have reduced the pump prices of both petrol and diesel for the second pricing window of August, which runs from the 16th to the 30th of August.
A litre of petrol is now sold between Gh¢14.65 and Gh¢13.65 while diesel is sold between Gh¢14.80 and Gh¢14.60 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 August 15th, a US dollar was exchanged for between Gh¢15.55 and Gh¢15.80.
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$794.58 from US$817.75 per metric tonne while diesel price decreased to Gh¢720.20 from US$755.93 per metric tonne for the second pricing window of August.
Crude oil prices also witnessed some decreases during the first pricing window of August, with Brent falling from $80 to $74 per barrel and WTI falling from $84 to $77 per barrel.
Currently, GOIL is selling petrol (Ron 91) at Gh¢14.22 per litre while petrol (Ron 95) is sold at Gh¢15.62, with diesel being sold at Gh¢14.90 per litre.
Shell is selling petrol at Gh¢14.69 per litre while diesel is sold at Gh¢14.90 per litre.
TotalEnergies is selling petrol at Gh¢14.69 while diesel is sold at Gh¢14.85 per litre.
Star Oil is selling petrol at Gh¢13.65 per litre while diesel is sold at Gh¢14.02 per litre.
Petrosol is selling petrol at Gh¢13.99 while diesel is sold at Gh¢14.65 per litre.
Cash Oil is selling petrol at Gh¢13.65 while diesel is sold at Gh¢14.02 per litre.
Lucky is selling petrol at Gh¢13.49 while diesel is sold at Gh¢13.65 per litre.
Zen Petroleum is selling petrol at Gh¢13.65 per litre while diesel is sold at Gh¢14.02 per litre.
Allied is selling petrol at Gh¢13.93 while diesel is sold at Gh¢14.48 per litre.
Pacific is selling petrol at Gh¢13.27 per litre while diesel is sold at Gh¢13.49 per litre.
Engen Ghana is selling petrol at Gh¢14.60 while diesel is sold at Gh¢14.80 per litre.
Benab is selling petrol at Gh¢13.65 while diesel is sold at Gh¢14.02 per litre.
Source: https://energynewsafrica.com