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.

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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.

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