After the second pricing window in May, some Oil Marketing Companies have started raising petroleum product prices at the pumps. For example, a litre of petrol and diesel at Shell is now priced at 14.79gh, while state-owned Goil has priced a litre of petrol at 14.55gh, up from 14.40gh in the first pricing window. A litre of diesel is now priced at 14.70gh, up from the previous price of 14.69gh.
Total Energies is keeping its pricing, with a litre of diesel and petrol costing 14.65gh. It is unknown whether more OMCs will raise fuel prices. Ahead of the second pricing window, industry analysts highlighted concerns about a windfall for consumers as average international prices for petroleum goods fell on the global market. They linked this to the Cedi’s depreciation against the US dollar, which has a significant impact on the pricing of petroleum products.
