Some Oil Marketing Companies in the Republic of Ghana have adjusted their pump prices downward for both petrol and diesel for the second pricing window of February, which runs from the 16th to the 28th of February 2025.
Petrol (gasoline) price has been reduced by about 34 pesewas while diesel witnessed a reduction of about 21 pesewas.
During the first pricing window, petrol was sold between Gh¢16.23 and Gh¢15.15 per litre, while diesel was sold between Gh¢16.20 and Gh¢15.15.
However, on Tuesday, some oil marketing companies adjusted their prices for the second pricing window, with petrol selling between Gh¢15.89 and Gh¢ 15.15 while diesel is selling between Gh¢15.99 and Gh¢15.15 per litre.
The reduction in fuel prices is attributable to a reduction in prices of refined petroleum products on the international market.
Despite the decline in the price of refined petroleum products on the world market, the local currency cedi, which is one of the key determinants of fuel prices, has continued to depreciate against major international currencies, especially the United States dollar.
As of 14th February 2025, the average interbank exchange rate for a US dollar was Gh¢15.5078.
In other parts of Africa, fuel prices are reviewed monthly.
In Ghana, the review period has been revised from every two weeks to daily adjustments by Oil Marketing Companies, based on fluctuations in key factors such as exchange rates, refined petroleum product costs and inflation.
GOIL is selling petrol (Ron 91) at Gh¢15.65 per litre while petrol (Ron 95) is sold at Gh¢15.76, with diesel being sold at Gh¢15.79 per litre.
Shell is selling petrol at Gh¢15.89 per litre while diesel is sold at Gh¢15.99 per litre.
TotalEnergies is selling both petrol and diesel at Gh¢15.99 per litre.
Star Oil is selling petrol (Ron 91) at Gh¢15.27 per litre while petrol (Ron 95) is sold at Gh¢15.57, with diesel being sold at Gh¢15.27 per litre.
Allied is selling both petrol and diesel at Gh¢15.25 per litre.
Benab is selling both petrol and diesel at Gh¢15.15 per litre.
Goodness is selling both petrol and diesel at Gh¢15.10 per litre.
Puma is selling petrol at Gh¢15.40 while diesel is sold at Gh¢15.56 per litre.
Engen is selling both petrol and diesel at Gh¢15.99 per litre.
Petrosol is selling petrol at Gh¢15.64 and diesel at Gh¢15.89 per litre.
Source: https://energynewsafrica.com
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