Fuel prices rise as Star Oil raises petrol to GH¢16.77, diesel to GH¢17.77
Oil Marketing Companies (OMCs) have begun increasing pump prices for the second pricing window of September. Star Oil is among the first to adjust its prices, raising the price of petrol from GH¢15.17 to GH¢16.77 per litre. The new price, effective Wednesday, September 16, represents an increase of more than 6%. Diesel has also risen […]
Fuel prices in Ghana have been rising as Star Oil increased the price of petrol to GH¢16.77 per litre and diesel to GH¢17.77 per litre, both effective Wednesday, September 16. This marks a 6% and 4.71% increase respectively from the previous prices. The company cited higher international petroleum product prices and a slight depreciation of the Ghana cedi as the reasons for the adjustment.
Other oil marketers are expected to review their prices today, though some may wait and monitor competition before making changes. GOIL, the second-largest oil marketer, said it would not rush to increase prices and is assessing market conditions before deciding. The Ghana Private Road Transport Union (GPRTU) has called for higher transport fares due to rising operational costs, while the National Petroleum Authority (NPA) has set new price floors for petrol and diesel, with no premium from International Oil Trading Companies, operating margins, or dealer margins included in these floor prices.
Written by urgent.news from Adom Online's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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