Certain oil marketing companies have started to increase fuel prices at the pump at the beginning of July.
This is due to higher costs of refined petroleum products on the global market and the devaluation of the local currency, as noted by energy think tanks like the Chamber of Petroleum Consumers and the Institute for Energy Security.
As a result, some companies like Star Oil have raised their prices. Currently, the price of a litre of petrol is GHȼ13.83, up from GHȼ13.66 in the second pricing window of June, while the price of diesel is 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, are yet to announce a fuel prices increment.
GOIL, for instance, sells a litre of petrol at GH₵14.60, while a litre of Diesel XP is sold to consumers at GH₵14.75 per litre.
Total Energies has consistently retained its price for petrol and diesel at GH₵14.65 in at least the preceding two pricing windows.