TotalEnergies, one of the leading oil marketing companies in the Republic of Ghana, has adjusted its fuel prices upward by 20 pesewas at the pump.
A litre of petrol (super) is now sold at Gh¢11.15 from Gh¢10.95 while diesel is sold at Gh¢13.50 from Gh¢13.30.
Star oil has also adjusted its pump prices with dieseling selling at Gh¢12.98 per litre while petrol is sold at Gh¢10.67 per litre.
As of Thursday, energynewsafrica.com’s checks revealed that only TotalEnergies and Star Oil had adjusted their pump prices.
Leading oil marketing companies, GOIl and Shell, and several others are still selling diesel and petrol at the prices set for the first pricing window which commenced from 1st to 15th August.
Prices of diesel and petrol are reviewed every two weeks in the West African nation.
Although crude oil prices have fallen below $100 per barrel, the Ghanaian currency, the cedis, keeps depreciating against the major international currencies notably the US Dollars, Euros and Pounds.
Some forex trading companies are quoting Ghc9.99 as the exchange rate for a dollar.
Apart from the weak Ghanaian currency, there appear to be shortages of forex in the country, making it difficult for banks to supply oil to importers.
Source: https://energynewsafrica.com
