Some Oil Marketing Companies have started increasing prices of petroleum products at the pumps in line with the two-week review period.
Market Leader, GOIL is selling a litre of petrol at ₵14.99.
Diesel is currently going for ₵14.80.
Some of the Oil Marketing Companies have attributed the increase to the recent depreciation of the cedi to the dollar.
In addition, some stakeholders have blamed the increase on government’s decision to reinstate the Price Stabilization and Recovery Levy on prices of petroleum products.
The reintroduction of the levy imposed 16 pesewas on petrol and 14 pesewas on diesel.
It is also not clear for now whether the decision of the National Petroleum Authority to set a price floor for fuel has also impacted on the prices at the pumps.
Latest Stories
-
Fidelity Bank joins forces with Proxtera to empower Ghana’s SMEs on GIFE Platform
8 mins -
Biden’s personal finances little changed in 2023, documents show
33 mins -
Palmer scores as Chelsea beat Brighton to go sixth
54 mins -
Hojlund seals thrilling Man United win over Newcastle
58 mins -
Juventus beat Atalanta to win Coppa Italia
1 hour -
Home Office tells Ghanaian man he is not British after 42 years in UK
1 hour -
Henry Quartey vows zero tolerance for election violence, assures law enforcement
2 hours -
Mason jailed 3 months for stealing iron rods
2 hours -
Celestine Donkor apologises for ‘joke’ about Ewe surnames
2 hours -
The man who turned his dead father into a chatbot
2 hours -
Slovakia PM Robert Fico not in life-threatening condition – Deputy PM
3 hours -
Police against dumsor vigil near Jubilee House; request change in venue, timing
3 hours -
Wealth gap on voters’ minds as India’s richest city gears up for the election
3 hours -
Lucian Grange and UMG dropped from Diddy accuser’s lawsuit
3 hours -
Oti Regional Police Commander advises party agents against interfering with electoral process
4 hours