Despite the expected marginal increase in fuel prices taking effect today, major fuel stations across Ghana are yet to adjust their prices at the pumps.
According to the latest pricing projections from the Chamber of Petroleum Consumers (COPEC), diesel prices were set to rise by 3% to GH₵ 15.869 per liter, while petrol was expected to drop by 2.93% to GH₵ 14.697 per liter.
However, as of this morning, Total Energies is still selling diesel at GH₵ 15.99 per liter, suggesting that the adjustments are yet to take effect at some outlets.
The expected price changes stem from a combination of global crude price hikes—up by 5.68% to $81.08 per barrel—and the continued depreciation of the Ghanaian cedi, which has fallen from GH₵ 14.85/$1 to GH₵ 15.09/$1.
Meanwhile, COPEC has reiterated its call for a review of petroleum taxes, which currently make up approximately 21.34% of fuel prices. The advocacy group also urged the government to revamp the Tema Oil Refinery (TOR) to reduce dependence on imported refined fuel and curb price volatility.
With fuel pricing adjustments varying across Oil Marketing Companies (OMCs), consumers are advised to monitor pump prices as the new pricing window unfolds.
