Fuel prices have gone up in the Republic of Ghana, with both petrol and diesel selling more than Gh¢15 per litre.
As of Tuesday afternoon, Shell, Zen, Star Oil and Allied Oil had adjusted their pump prices, with petrol selling between Gh¢13.93 and Gh¢15.10 per litre while diesel is selling between Gh¢14.70 and Gh¢15.25 per litre.
Unlike other parts of Africa where fuel prices are reviewed every month, in Ghana, fuel prices are reviewed every two weeks.
The hike in fuel prices is fuelled by the continuous depreciation of the Ghanaian cedi.
During the first pricing window which ended on July 15, 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 crude increased to US$843.52 from US$816.61 per metric tonne while diesel price rose to Gh¢791.57 from US$778.32 per metric tonne for the second pricing window of July.
Crude oil prices also witnessed some increases during the first week of July, with Brent soaring to $87 per barrel and WTI moving up to $84 per barrel.
However, both WTI and Brent thumbled, with WTI falling to about US$82.49 per barrel while Brent went down to US$85 per barrel as of Monday.
GOIL is selling petrol (Ron 91) at Gh¢15.10 per litre while petrol (Ron 95) is sold at Gh¢16.00, with diesel being sold at Gh¢15.22 per litre.
Shell is selling petrol at Gh¢15.10 per litre while diesel is sold at Gh¢15.25 per litre.
TotalEnergies is selling petrol at Gh¢15.10 while diesel is sold at Gh¢15.20 per litre.
Star Oil is selling petrol at Gh¢13.93 per litre while diesel is sold at Gh¢14.70 per litre.
Petrosol Ghana is selling petrol at Gh¢14.60 while diesel is sold at Gh¢14.85 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¢13.93 while diesel is sold at Gh¢14.48 per litre.
Pacific is selling both petrol and diesel at Gh¢14.39 per litre.
Engen Ghana is selling petrol at Gh¢14.95 while diesel is sold at Gh¢15.15 per litre.
Benab is selling petrol at Gh¢13.66 while diesel is sold at Gh¢14.42 per litre.
Zen is selling petrol at Gh¢13.93 per litre while diesel is sold at Gh¢14.48 per litre.
Source: https://energynewsafrica.com