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Implementation of GH₵1 fuel levy pushes prices of petroleum products up  

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The implementation of the one Cedi fuel levy, which commenced today, Tuesday, July 16, 2025, has pushed prices of petroleum products up at some pump stations.  

Some oil marketing companies told JOYBUSINESS they have no option but to pass on the cost to consumers.

The Chief Executive of the Chamber of Oil Marketing Companies, Dr Riverson Oppong, said prices could have gone down by some 2 per cent if the one Cedi levy had not taken off from today.

GOIL, for instance, is selling a litre of petrol for GH₵12.88 from its old price of GH₵12.07. Diesel has gone up from GH₵13.20 to GH₵14.38.

Market Leader Star Oil has also increased its prices, selling a litre of petrol for GH₵12.59.  However, some of its service stations will be selling the product at GH₵11.99.

Diesel has also gone up at Star Oil’s stations selling at GH₵13.99. However some stations will be selling the product at GH₵13.79.

Some of the oil marketing companies say they will be adjusting their prices later today.

The Chamber of Petroleum Consumers has made a strong case for the government to take a second look at the taxes on price build-up on petroleum products to bring some relief to consumers.

Executive Secretary Duncan Amoah said reviewing the taxes could bring some relief to consumers, while government presses ahead with the implementation of the levy on the various petroleum products.

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DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.