Petrosol Ghana Limited, one of the leading indigenous Oil Marketing Companies (OMCs) in the Republic of Ghana, has announced a reduction in prices of both gasoline and gasoil across its service stations effective Friday, March 17, 2023.
According to a release by the company, a litre of petrol is selling at Gh¢12.68 while diesel is selling at GH¢13.24.
During the first pricing window which ended on Wednesday, March 15, 2023, Petrosol sold petrol at Gh¢13.49 per litre while diesel was sold at Gh¢13.57
Per today’s announcement, petrol price has been reduced by 81 pesewas while diesel saw a reduction of 33 pesewas.
This means petrol saw a 6.0 per cent reduction while diesel saw a 2.43 per cent reduction.
Fuel prices have been falling in the West African nation as a result of two key factors notably the fall in crude oil prices on the international market and the stability of the local currency, the cedi.
Crude oil prices were hovering around US$83 per barrel last week but on Wednesday, March 15, 2023, both WTI and Brent, the international benchmark crude, tumbled.