The prices of petrol and diesel have gone up significantly at the pumps in the Republic of Ghana, with diesel selling at Gh¢13.99 per litre while petrol is selling at Gh¢12.99 per litre.
Unlike in other parts of Africa where fuel prices are reviewed monthly, in Ghana, fuel prices are reviewed every two weeks.
During the first pricing window which ended on February 12, 2024, petrol was sold at Gh¢12.45 per litre while diesel was sold at Gh¢13.69 per litre.
However, diesel price saw an increase of about 30 pesewas per litre while petrol saw an increase of 50 pesewas during the second pricing window.
The increment was occasioned by the rising cost of refined products on the international market, exchange rate volatility and cumulative increment in Primary Distribution Margin, BOST Margin and Unified Petroleum Fund Margin by 26 pesewas.
Leading oil marketing companies—GOIL Plc and Shell—are selling petrol at Gh¢12.99 per litre while diesel is sold at Gh¢13.99 per litre.
TotalEnergies, one of the market leaders, is selling petrol at Gh¢12.90 per litre while diesel is sold at Gh¢13.95 per litre.
Star Oil is selling petrol at Gh¢11.97 per litre while diesel is selling at Gh¢13.37 per litre.
Petrosol Ghana Limited, one of the top ten OMCs, has also adjusted its pump prices and is selling petrol at Gh¢12.69 per litre while diesel is sold at Gh¢13.75 per litre.
Zen is selling petrol at Gh¢11.74 per litre while diesel is selling at Gh¢12.95 per litre.
Goodness is selling petrol at Gh¢11.90 per litre while diesel is selling at Gh¢12.90 per litre.
Alinco is selling petrol at Gh¢11.90 per litre while diesel is selling at Gh¢12.90 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¢11.70 per litre while is sold diesel at Gh¢12.45 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¢11.96 while diesel is sold at Gh¢13.26 per litre.
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$814.05 per metric tonne while diesel went up to US$858.33 per metric tonne.
Source: https://energynewsafrica.com
