Petrosol Ghana Limited, one of the indigenous Ghanaian Oil Marketing Companies (OMC), has announced reductions in both gasoline and gasoil prices across its service stations.
According to a release on Tuesday, both petrol and diesel now sell at Gh¢11.99 per litre at their pumps.
During the first pricing window which ended on Monday, May 15, 2023, Petrosol sold petrol at Gh¢12.28 and diesel at Gh¢12.32 per litre.
This means that petrol price dropped by 29 pesewas while diesel saw a drop of 33 pesewas.
The reductions follow the fall in prices of crude oil and refined products on the international market.
Fuel prices would have dropped significantly in Ghana but for the increases in Unified Petroleum Price Fund (UPPF) and Fuel Marking Margin.
The petroleum downstream regulator, National Petroleum Authority, on Tuesday, increased the Margins of the Unified Petroleum Price Fund (UPPF) and Fuel Marking Margin.
UPPF saw an increment of between 29 and 28 pesewas for all petroleum products while Fuel Marking Margin was increased by 5 pesewas.
Source: https://energynewsafrica.com
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