Since the second pricing window opened in September, certain Oil Marketing Companies (OMCs) have started to significantly lower fuel prices at the pump.
Since the start of the first pricing window in August, OMCs have now lowered fuel prices four times in a row.
GH12.99 is the price that state-owned Goil is now charging for fuel (Super XP), which was previously sold at GH14.16 during the first pricing window of September.
Diesel (Diesel XP), retailing for GH¢14.49, was previously priced at GH¢14.70.
The ongoing drops in refined petroleum product prices on the global market and the Cedi’s comparatively strong performance in comparison to the previous pricing window are credited with these reductions.
In the upcoming days, it is expected that more OMCs would cut their pricing in a similar manner.
