The prices of petrol and diesel in the Republic of Ghana have gone up significantly at the pump, effective March 1, 2024.
Energy News Africa reports that a litre of diesel is selling at Gh¢14.49 per litre from the previous price of Gh¢ 13.99 per litre while petrol is selling at Gh¢13.49 per litre from the previous price of Gh¢12.99
Unlike in some other parts of Africa where fuel prices are reviewed monthly, in Ghana, fuel prices are reviewed every two weeks.
During the second pricing window which ended on February 29, 2024, petrol was sold between Gh¢11.90 and Gh¢12.99 per litre while diesel was sold between Gh13.99 and Gh¢13.78 per litre.
The increment in fuel prices is due to the rising cost of refined products on the international market and exchange rate volatility.
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As of Friday, Leading oil marketing companies—GOIL Plc and Shell—were selling petrol at Gh¢13.49 per litre while diesel was sold at Gh¢14.49 per litre.
TotalEnergies, one of the market leaders, is selling petrol at Gh¢13.39 per litre while diesel is sold at Gh¢14.39 per litre.
Star Oil is selling petrol at Gh¢12.37 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¢13.19 per litre while diesel is sold at Gh¢14.19 per litre.
Zen is selling petrol at Gh¢12.35 per litre while diesel is selling at Gh¢13.39 per litre.
Allied Oil is selling petrol at Gh¢12.30 per litre while diesel is sold at Gh¢13.30 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¢12.30 per litre while is sold diesel at Gh¢13.30 per litre.
Engen is selling petrol at Gh¢12.59 per litre and diesel at Gh¢13.39 per litre.
Cash Oil is selling petrol at Gh¢11.37 per litre and diesel at Gh¢12.90 per litre.
Lucky Oil is selling petrol at Gh¢12.50 while diesel is sold at Gh¢12.94 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$840.43 per metric tonne while diesel went up to US$871.78 per metric tonne.
