–Following Recent Price Drop
In a move that will bring much-needed relief to Ghanaian drivers, several oil marketing companies have announced reductions in the prices of petroleum products at the pumps, effective today, September 2, 2024.
GOIL, the market leader, has lowered the price of petrol to GH₵14.16 per litre, down from GH₵14.22, representing a 6 pesewas decrease or a 0.42% reduction. Diesel prices at GOIL have also seen a significant drop, now selling at GH₵14.70 per litre, down from GH₵14.90, reflecting a 20 pesewas decrease per litre, equivalent to a 1.34% reduction.
Star Oil, the second-largest oil marketing firm in Ghana, has followed suit by reducing its prices as well. Petrol is now selling at GH₵13.55 per litre, a 10 pesewas reduction from the previous price of GH₵13.65. Diesel has been reduced to GH₵13.85 per litre, down from GH₵14.02.
As of today, the average price for petrol has decreased to ₵13.89 per litre, down from ₵14.05 three months ago. As a result, filling the tank of an average vehicle now costs ₵694.50, a welcome relief for motorists.
A recent survey by The High Street Journal has pinpointed the top 10 fuel stations offering the lowest prices for both petrol and diesel.
These reductions are expected to positively impact the cost of living and transportation in Ghana. The price cuts may be attributed to the recent stability of the Ghanaian cedi.
Currently, the following stations are providing the most competitive prices at the pumps:
