TotalEnergies Increases Fuel Prices
TotalEnergies, one of the leading Oil Marketing Companies (OMCs) in the Republic of Ghana, has adjusted prices of super and diesel at its fuel retail outlets across the West African nation.
As of Monday morning, super (petrol) is being sold at Gh¢6.80 per litre; up from Gh¢6.65 per litre during the second pricing window in December 2021 while diesel is sold at Gh¢6.85 per litre.
This means TotalEnergies has increased super (petrol) by 15 pesewas while the price of diesel has been increased by 20 pesewas.
It is likely other Oil Marketing Companies will adjust their fuel prices at the pump this week.
Currently, GOIL, the leading indigenous (OMC), sells both petrol and diesel at Ghc6.60 per litre.
Other OMCs like Shell sells both petrol and diesel at Ghc6.60 per litre while Petrosol and Zen sell at Gh¢6.64 and Gh¢6.37 respectively.
In October 2021, Ghana’s President Nana Akufo-Addo intervened by directing the country’s petroleum downstream regulator, NPA, to zero rates the Price Stabilisation and Recovery Levy (PSRL) for November and December 2021.
The PSRL is expected to be reintroduced this month, January.
As of Monday morning, West Texas Intermediate (WTI) was selling at $75.79 per barrel while International Benchmark-Brent sold at $78.39 per barrel