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 […]
Tag: Fuel
Fuel price reduction: Diesel at GH₵12.55, petrol GH₵13.27 a litre
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 […]
Cuba to increase price of fuel by more than 500%
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 […]
Fuel prices fall; GOIL, Star sell petrol at ¢12.65, ¢11.69 per litre
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 to fall between 2% and 9% from April 1
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% […]
Reduce prices, fares – President Akufo-Addo appeals to manufacturers, transport operators
President Nana Addo Dankwa Akufo-Addo has appealed to manufacturers, traders and transport operators who increased the prices of goods and services at the height of the cedis’ depreciation to reduce them now that the cedi is regaining its strength. He urged Ghanaians to join the clarion call for price reduction, which he said was not […]
Buy fuel from only certified retailers – NPA
The Head of Consumer Services at the National Petroleum Authority (NPA), Eunice Budu Nyarko, has appealed to the public to purchase fuel only from filling stations with certification. She said stations with green Ghana Standards Authority (GSA) stickers were always the go-to places for petroleum products, since those stations were regularly monitored by the NPA […]
Fuel prices to be reduced by ¢1 from April 1 – Chamber of Bulk Oil Distributors
The Ghana Chamber of Bulk Oil Distributors (COBD) has forecasted an up to ¢1 per litre reduction in the price of petrol and diesel by April 1, 2022. This follows several engagements the COBD had with the Bank of Ghana (BoG) and stakeholders to fashion out interventions aimed at reducing the prices at the various […]
BOST sanctions transporters for fuel adulteration
The Bulk Oil Storage and Transportation Company Limited (BOST) has surcharged six transporters for adulterating petroleum products worth GH¢3,445,200.00 at its Kumasi depot last year. This follows the discovery of adulterated fuel by the company during pre-discharge testing processes at its depot last year. Investigations by the committee set up to probe the incidence showed […]