Petrol Prices Reach GH¢15.79 as Cedi Depreciates and Crude Prices Climb

Fuel prices in Ghana have started to rise again following the second pricing window of January 2025, with some major Oil Marketing Companies (OMCs) increasing their prices due to rising crude oil prices on the international market and the depreciation of the cedi.

Leading companies, including GOIL and Shell, have adjusted their fuel prices upwards.

At GOIL, for instance, petrol, which was priced at GH¢14.99 per litre during the first pricing window of January, has now increased to GH¢15.74 per litre. Diesel has also seen a slight rise, moving from GH¢15.60 per litre to GH¢15.77.

Similarly, Shell has raised its petrol price from GH¢15.30 per litre to GH¢15.59, while the price of diesel has gone up from GH¢15.66 to GH¢15.79 per litre.

While these increases are being attributed to international crude oil price hikes and the depreciation of the cedi, not all companies have adjusted their prices.

Total Energies, for example, is still selling petrol at GH¢15.50 and diesel at GH¢15.99.

Despite the increases, the Chamber of Oil Marketing Companies has assured Ghanaians that there is no cause for alarm over a potential fuel shortage.

The Chamber has dismissed media reports that suggested a looming fuel crisis, clarifying that any temporary reduction in petrol stock was due to operational factors, such as the suspension of refining activities at the Sentuo Oil Refinery.

Both the Chamber of Oil Marketing Companies and the Ghana Chamber of Bulk Oil Distributors have clarified that the risk of a fuel shortage in the country has been effectively mitigated, urging the public to remain calm.