Citi Business News checks at various pump stations in Accra have revealed a 4 to 6% increase in the prices of petrol per litre.
There has also been a more than 3% increase in the price of diesel per litre.
[contextly_sidebar id=”HXgifW5qbMDHZhNiasL7VxeS7p3qxOd1″]The increment is part of a two week price review window following the full deregulation of the petroleum downstream sector.
A visit to a number of filling stations revealed Shell has effected the highest increment, increasing the price of petrol by 18 pesewas this morning.
A litre of petrol is currently selling at 3 cedis 49 pesewas.
It was earlier selling at 3 cedis 31 pesewas.
The price of a litre of Diesel has been increased by 10.2 pesewas, currently selling at 3 cedis.
It was previously going for 2 cedis 89.8 pesewas.
Another OMC, Allied Oil has increased the price of petrol by 13.9 pesewas currently a litre of the product is selling at 3 cedis 43.9 pesewas.
It was earlier being sold at 3 cedis 30 pesewas .
The price of diesel has also increased by 11 pesewas, with a litre of the product currently selling at 3 cedis.
It was earlier selling at 2 cedis 88.9 pesewas.
Some oil marketing companies have however still maintained the prices of their products.
Citi Business News checks at Goil and Total pump stations revealed they are yet to change the prices of their products.
The increases in the prices of petrol and diesel have been largely due to the depreciation of the cedi against the dollar.
The cedi’s consistent slide against the dollar has been blamed for today’s upward review in prices of various petroleum products.
The cedi has been depreciating against the dollar since July 16, the last time the prices of petroleum products were reviewed downwards.
A dollar as at last week Friday was selling at 3 cedis, 90 pesewas on the interbank foreign exchange market representing a 65 pesewa depreciation of the cedi since July 17, 2015.
However the price of crude on the world market for the first time in over six years tumbled to below 42 dollars a barrel before close of last week but has since edge up to 42.50 dollars.
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By: Rabiu Alhassan/citifmonline.com/Ghana