Oil Marketing Companies in the Republic of Ghana have reviewed their pump prices upward in response to the exchange rate volatility and rising crude oil prices on the international market.
Leading oil marketing companies—GOIL Plc and TotalEnergies—are selling petrol at Gh¢12.49 per litre, while diesel is sold at Gh¢13.69 per litre.
Shell, one of the market leaders, is selling petrol at Gh¢12.29 per litre, while diesel is sold Gh¢13.19 per litre.
Star Oil is selling petrol at Gh¢11.69 per litre, while diesel is selling at Gh¢12.99 per litre.
Petrosol Ghana Limited, one of the top ten OMCs, has also adjusted its pump prices and is selling petrol at Gh¢12.26 per litre, while diesel is sold at Gh¢13.19 per litre.
Allied Oil is selling petrol at Gh¢11.55 per litre, while diesel is sold at Gh¢12.55 per litre.
Pacific Oil is selling petrol at Gh¢11.98 per litre while diesel was sold at Gh¢12.98 per litre.
Dukes is selling petrol at Gh¢11.18 per litre, while is sold diesel at Gh¢12.18 per litre.
Engen is selling petrol at Gh¢12.59 per litre and diesel at Gh¢13.39 per litre.
Lucky Oil is selling petrol at Gh¢11.19 per litre, while diesel is sold at Gh¢12.24 per litre.
Unlike in other parts of Africa where fuel prices are reviewed monthly, in Ghana, fuel prices are reviewed every two weeks.
This portal understands that the National Petroleum Authority (NPA) had revised the UPPF Margin from 75 pesewas to 70 pesewas but increased the Primary Distribution Margin from 13 pesewas to 19 pesewas.
Data from the regulator, National Petroleum Authority (NPA), also showed prices of finished products—diesel and petrol—jumped on the international market within two weeks.
Petrol went up to US$800.84 per metric tonnes, while diesel went up to US$807.14 per metric tonnes.
Source: https://energynewsafrica.com