Beginning on Wednesday, February 1, 2023, the cost of petroleum products on the Ghanaian market has increased at the pump.

A litre of gasoline is currently being sold by one of the market leaders, GOIL, for GH15.25 as opposed to GH13.60 previously.In contrast, diesel is now selling for $15.90 a litre, up from $15.52 previously.

Later today, new fuel rates are anticipated to be announced by other OMCs.

Petrol will retail for roughly GH$15 per this month, according to an earlier prediction by the energy think tank Institute of Energy Studies (IES).

Its prediction was between a 7% and 13% jump in the prices of petrol, diesel and Liquefied Petroleum Gas (LPG), from February 1, 2023.

It is expected to last for a while when the Cedi stabilises.