Fuel Prices in Ghana Energy Ghana introduces app ranking OMCs’ fuel prices

The latest app introduced into the Ghanaian market also aims to give fuel consumers a good deal of the products at the most economic prices and have value for their money while encouraging fair competition among the OMCs.

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Consumers now have an easy way to find out where to get fuel for cheap, right on their phones.

Energy Ghana, has launched Gh Fuel Prices, a fuel rating app seeking to rank Oil Marketing Companies (OMCs) and update consumers regularly on prices of diesel, petrol, kerosene and liquefied petroleum gas.

According to the Energy Media Group, the app is aimed at ensuring competition in the OMCs in the wake the petroleum downstream deregulation policy which has given OMCs the power to fix their own prices.

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The Energy Media Group (EMG) Chief Executive Officer, Mr Henry Teinor, said that the new Gh Fuel Prices app forms part of the Group’s brands, after the Energy Ghana Magazine, to provide oil and gas pricing information to consumers.

He said the Gh Fuel Prices app can easily be downloaded on smart phones and offers comprehensive information to consumers to make informed choices as well as boost competition in the Ghanaian oil market.

“This ranking will also promote competition among the oil marketing companies and ensure that consumers get value for their money on energy products in the country,” he said.

He said the prices of two products – kerosene and Liquefied Petroleum Gas (LPG) – are not presently available currently on the app but noted that the group was working to fix it soon.

The EMG latest ranking, shows 24 OMCs’ charging competitive rates with FRIMPS leading the chart, quoting the lowest prices with a litre of petrol fixed at GH₵3.2000 and diesel GH₵3.1000.

AI Oil Company follows second in the table, pricing a litre of petrol at GH₵3.2300 while diesel is going for GH₵3.1000 per litre.

Three companies – TOTAL, SUPERIOR and MAXXON are quoting the highest ex-pump prices for the two products with a litre of petrol selling at GH₵3.3830 while selling a litre of diesel at GH₵3.3910.

Energy Ghana released its maiden free Energy Ghana Magazine in August 2015 to give consumers in-depth information on Ghana’s petroleum sector and stir an intellectual discourse that will guide decision making.

The introduction of the Gh Fuel Prices app follows the publication of the second edition of the Magazine early this month, digging deep into oil and gas market trends and presenting challenges and opportunities to emerging oil producers.

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