Some Oil Marketing Companies (OMCs) have started increasing prices of some petroleum products at the pumps.

Market leader, GOIL. is selling a liter of petrol at GH¢15.22.

However, the price of diesel has been reduced to GH¢14.65 per litre.

Meanwhile, Star Oil has reduced its petroleum products on the market.

Petrol is selling is selling at GH¢13.99, while diesel is going for GH¢13.97.

According to some of the OMCs, the adjustment was influenced by rising prices of crude oil on the international market and the depreciation of the cedi.

Some market analysts earlier predicted that prices of petroleum products will stabilise at the pumps due to current developments on the global market.

The increase in some cases could push transport operators to begin fresh round of negotiations to increase fares.