Some Oil Marketing Companies (OMCs) have begun slightly raising fuel prices as the first pricing window for December starts. Shell has already adjusted its prices, increasing both petrol and diesel rates. Petrol, which was selling at GH₵14.82 per litre in late November, now costs GH₵14.99 per litre. Diesel has also seen a small rise, going from GH₵15.66 to GH₵15.72 per litre.

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This price hike follows a period in November when petrol prices dropped slightly and diesel remained stable, contrary to earlier predictions of a general decrease for both fuel types. The Chamber of Petroleum Consumers (COPEC) had earlier predicted a decrease in fuel prices at the start of the second pricing window on November 16.

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This projection was based on trends in the international market and the relatively favourable performance of the cedi during the period. According to data from the energy think tank, petrol prices on the international market dropped from $723.03 per metric tonne to $676.64 per metric tonne.

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The latest increment by Shell, however, signals a potential trend in fuel price adjustments four days into the commencement of the first pricing window in December.

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