The Chamber of Oil Marketing Companies has released its Outlook Report on the expected price movements for the various petroleum products from September 1 to 16, 2026. The data showed that petrol will go up by as much as 4.80%, with a litre likely to be sold at GHC 16.39. Diesel should witness a 2.10% […]
The government has extended its GH¢2 per litre reduction in the regulatory margin on diesel into the first pricing window of September, in a move aimed at cushioning consumers against rising fuel prices. A high-placed government source confirmed the decision to Myjoyonline.com, saying the intervention followed concerns over a possible increase in diesel prices at the […]
Some Oil Marketing Companies (OMCs) have moved to reduce fuel prices at the pumps again, with Star Oil this morning selling a litre of petrol at GH¢10.36 and diesel at GH¢11.36 at selected outlets across the country. These prices, however, are based on Star Oil’s discounted pricing policy, which applies to some of its service […]
The Minister for Energy and Green Transition, John Abdulai Jinapor, has revealed that government has initiated processes for the construction of a new Offshore Mooring Facility to address infrastructure challenges affecting Ghana’s downstream petroleum sector. During his visit to the National Petroleum Authority (NPA) on Wednesday, October 15, Dr Jinapor explained that the project would […]
The acting CEO of the National Petroleum Authority (NPA) has assured Ghanaians that NPA has sufficient fuel reserves to last beyond two months, despite ongoing global uncertainties. Godwin Edudzi Tameklo, speaking during a briefing with the Parliamentary Select Committee on Energy at Senchi on Saturday, revealed that the country currently holds over 200 million litres […]
The Minister for Energy and Green Transition, John Jinapor, has defended the newly approved GH¢1.00 petroleum levy, stating that this is the right time to impose it, as it is a prudent fiscal intervention necessary to stabilise the country’s energy sector. Speaking in an interview on Joy FM’s SMS on Wednesday, June 4, Mr Jinapor explained that […]
Consumers are bracing for mixed outcomes at the pumps as global fuel prices decline, but the local currency’s depreciation threatens to offset potential relief. Despite a steady drop in Brent crude prices and refined petroleum product costs on the international market, the Ghanaian Cedi’s 2.18% fall against the U.S. Dollar is keeping fuel prices volatile. […]
Petroleum product prices are expected to increase marginally at the pumps from Friday, January 17, 2025. This has been influenced by rising prices of crude oil on the international market and recent pressures on the cedi. The Cedi started 2025 on a losing streak, depreciating marginally by 0.38% to the US dollar in the retail […]
Some Oil Marketing Companies (OMCs) have started reducing prices of petroleum products at the pumps from today, September 16, 2024. Star Oil Ghana is selling a litre of petrol at GH₵12.55, indicating a one cedi drop. This represents a 7.9 percent decline. The company is also selling a litre of diesel at GH₵13.27. This represents […]
The Cuban government has announced a five-fold increase in fuel prices as it struggles with shortages and a deepening economic crisis. It said that from February the price of a litre of petrol would rise from from 25 pesos ($0.20; £0.16) to 132 pesos. The government, which subsidises many goods, hopes this will help to […]
Some Oil Marketing Companies (OMCs) have begun reviewing prices of petroleum products downwards at the pumps from today. The expected price reduction should have commenced from last Saturday, April 1, 2023. GOIL is selling a litre of petrol at ¢12.65 and diesel for ¢12.84 pesewas respectively. Also, Star Oil is selling a litre of petrol […]
Fuel prices will fall between 2% and 9% for the third consecutive time from April 1, 2023 with Liquefied Petroleum Gas (LPG) expected to witness its biggest decline in recent times. According to the Institute for Energy Security, LPG will go down by about 9%, whilst petrol and diesel will witness between 2% and 5% […]
