Fuel prices adjust as Goil, Shell increase petrol; Star oil holds rates

Fuel prices are seeing fresh adjustments at the pumps, with some Oil Marketing Companies (OMCs) increasing rates while others maintain stability.

At Goil, petrol is now selling at GH¢12.90 per litre, up from GH¢12.88, while diesel has dropped from GH¢14.30 to GH¢13.90.

Shell recorded a sharper jump, raising its petrol price from GH¢12.89 to GH¢13.59 per litre.

In contrast, market leader Star Oil has opted to hold prices steady until September 15, 2025, keeping petrol at GH¢12.77 per litre and diesel at GH¢13.35.

The Chamber of Oil Marketing Companies (COMC) had earlier projected upward adjustments, estimating petrol prices could rise between 3.86% and 5.40%, reaching as high as GH¢13.67 per litre.

Diesel was expected to hit GH¢14.35 per litre, while LPG could increase by up to 4.57% per kilogram.

According to the Chamber, the main driver of the hikes is the cedi’s sharp depreciation against the dollar, sliding from GH¢10.71 to GH¢11.20 in just a month, its steepest fall this year.

The Chamber also cited supply challenges in the local market and the recently introduced GH¢1 levy on petroleum products as additional pressures, despite declining crude oil prices internationally.

 

Source: Myxyzonline.com

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