Fuel Prices Drop Again—Petrol Now as Low as GH¢9.89/L as Cedi Gains, Competition Heats Up!
Several oil marketing companies have lowered fuel prices in Ghana’s second pricing window of January. This has made the downstream petroleum sector more competitive as companies respond to good market conditions. Zen Petroleum has set the same prices across the country: petrol costs GH¢9.94 per liter and diesel costs GH¢11.21. JP Oil, TotalEnergies, Shell, PETROSOL, GOIL, and Star Oil have all also announced price cuts, but some are only available at certain stores. Companies are using discounts to keep their market share, so petrol prices now range from about GH¢9.89 to GH¢10.99 per litre and diesel prices range from about GH¢10.89 to GH¢11.99 per litre. People in the industry say that the price drops, which came after the second pricing window opened on January 16 and earlier COMAC forecasts of price drops across the board, are mostly due to the Ghana cedi’s continued rise and the continued drop in the prices of petroleum products around the world.
