Since the first pricing window opened in July, several oil marketing companies (OMCs) have started to raise fuel prices at the pump.
Energy Think Tanks like the Institute for Energy Security and the Chamber of Petroleum Consumers attribute this to the devaluation of the Cedi and the growing price of refined petroleum products on the global market.
In line with this development, some oil marketing companies such as Star Oil, have begun increasing their prices. Currently, a litre of petrol is selling at GHȼ13.83, up from GHȼ13.66 in the second pricing window of June, while diesel is selling at GHȼ14.79, up from GHȼ13.97 in the second pricing window of June.
Shell is selling a litre of petrol at GHȼ14.80 while a litre of diesel is being sold at GHȼ14.92. Previously petrol was selling at GH14.60 per litre while diesel was going for GH14.75 per litre in the second pricing of June.
Major market leaders, such as state-owned GOIL and Total Energies, have also announce a price increment.
GOIL, for instance, is selling a liter of petrol at GH₵14.80, while a liter of Diesel XP is sold to consumers at GH₵14.92 per liter.
Total Energies, meanwhile, has increased it price for petrol at GH¢14.85 and diesel at GH₵14.95 from the GH₵14.65 in at least the preceding two pricing windows.
