OMCs adjust fuel prices at the pumps as Total sells a liter of diesel at GHS 11.30
More oil marketing companies are increasing prices of petroleum products at the pumps in line with the first pricing-window.
The latest to adjust prices is Total, selling a litre of diesel at GHS 11.30 up by a little over 8%, it however, maintained the price of petrol at GHS 9.35.
GOIL earlier this week, also increased the price of diesel to GHS 10.90 per liter but decided not to increase that of petrol. It’s still not clear for now what influenced the margin of increase for diesel while that of petrol was kept unchanged.
Meanwhile, the Chamber of Petroleum Consumers Ghana (COPEC) is projecting a drop of up to 2% in the price of Liquified Petroleum Gas.
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It anticipates LPG to sell for about GHS 10.09 per kilogram.
Their prediction comes after some users of the product raised concerns about the sporadic increase in the price of the product, causing some to switch to charcoal and firewood.
But according to the Head of Research at COPEC, Benjamin Nsiah, the drop is about some GHS 0.21.
“The price of LPG is expected to decline by 2%, which is around GHS 0.21 per kilogram in the first window of May.
“LPG will now be sold at around GHS 10.00 per kilogram. This is because the international price per metric tonne of LPG has declined.”
The rise in the prices of various petroleum products has been attributed to the continuous depreciation of the cedi and Russia’s invasion of Ukraine.
However, petrol and diesel prices are expected to go up by 3% this month.
