Fuel prices across major Oil Marketing Companies (OMCs) are largely holding steady in the first week of September, despite earlier projections of significant increases.
Most OMCs have kept their rates unchanged, though Goil has made slight adjustments, increasing petrol to GH¢12.99 per litre from GH¢12.88, while reducing diesel to GH¢13.90 from GH¢14.30. Premium is selling at GH¢14.90.
At Petrosol, petrol is GH¢12.98 and diesel GH¢14.18. Shell has maintained petrol at GH¢12.89, diesel at GH¢13.89, and premium at GH¢14.99, while TotalEnergies is among the highest on the market with petrol at GH¢12.88, diesel GH¢14.30, and premium GH¢16.67.
Puma Energy is selling petrol at GH¢12.85 and diesel at GH¢13.75. MISA Energy has petrol at GH¢13.39 and diesel at GH¢13.59, while Top Oil is pricing petrol at GH¢13.25 and diesel at GH¢13.75.
On the lower side, Zen Petroleum is offering diesel at GH¢12.69, the cheapest among the major players, with petrol at GH¢12.77. Star Oil has kept its rates steady at GH¢12.77 for petrol, GH¢13.45 for diesel, and GH¢14.68 for premium. So Energy is also unchanged, selling petrol at GH¢12.70 and diesel at GH¢12.99.
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The largely stable prices come despite last week’s projections by the Chamber of Oil Marketing Companies (COMC), which estimated petrol could rise by up to 5.4% and diesel by 3.39%. The Chamber cited the cedi’s 3.98% depreciation against the US dollar as the main risk factor.
The largely stable prices come despite last week’s projections by the Chamber of Oil Marketing Companies (COMC), which estimated petrol could rise by up to 5.4% and diesel by 3.39%. The Chamber cited the cedi’s 3.98% depreciation against the US dollar as the main risk factor.
So far, however, most OMCs have kept rates within the same bands, absorbing part of the pressure from currency depreciation, supply tightness, and the one-cedi levy on petroleum products.
