GOIL Reduces Fuel Prices By 25 Pesewas

Ghana’s leading indigenous Oil Marketing Company, GOIL Company Limited, has slashed its fuel prices at the pump, energynewsafrica.com can report.

Petrol price has been reduced from Gh¢9.60 per litre to Gh¢9.35 per litre, representing a 25 pesewas reduction while diesel has been reduced from Gh¢10.40 to Gh¢10.20, representing a 20 pesewas reduction.

The reduction follows the government’s decision to cushion consumers against the rising cost of fuel by reducing taxes on fuel by 15 pesewas on both diesel and petrol.

GOIL has forfeited part of its margins in a bid to also cushion consumers.