Pulse.com.gh logo

Cost Of Fuel Major OMCs reduce fuel prices

It is currently unclear why these major OMCs have reduced the prices of fuel at the pump.

  • Published:
24/7 Live - Subscribe to the Pulse Newsletter!

Some major Oil Marketing Companies (OMCs) in the country have reduced their prices by 4 pesewas within the first pricing window of June.

This is coming few weeks after the prices of petroleum products increased by some three percent.

A litre each of diesel and petrol was selling for 4 cedis 89 pesewas.

READ ALSO: Invest $300m into TOR or privatize it - Alex Mould

However, a litre of petrol and diesel is sold at 4 cedis 85 pesewas at Goil, Shell, and Total fuel stations.

This means that there is a drop in the price of a gallon of petrol and diesel from 18 cedis 50 pesewas to 18 cedis 36 pesewas.

READ ALSO: BoG putting in measures to stop fraud in Ghana’s payment systems

The Institute of Energy Security (IES) attributed the increase to the rise in the global prices as well as the marginal depreciation of the cedi.

For now, it is unclear why the OMCs have decided to reduce their prices.

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos

Top Articles

1 Ghana Politics Akufo-Addo fires Lands Commission bossbullet
2 Roshi Motman AirtelTigo CEO resignsbullet
3 MTN Ghana Selorm Adadevoh is MTN Ghana’s new CEObullet
4 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
5 Shirley Frimpong-Manso and Ken Attoh owe The Royal Bankbullet
6 Salaries In 2018 Here are the dates public workers will be...bullet
7 Menzgold Ghana Investment company closes down its Gold Vault...bullet
8 Fuel Price Hikes Fuel prices to drop again this weekbullet
9 Economy Bawumia must stop misleading Ghanaians over cedi...bullet
10 Achimota Mall’s Sidewalk Sales Full of Swanky...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
3 Money Alert Meet Africa's richest womanbullet
4 Plane Crash Starbow suspends operations following plane crashbullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Bozoma Saint John 10 quotes from Uber top official, Bozoma,...bullet
7 Tech 6 reasons you should buy an iPhone SE instead of any of...bullet
8 Entrepreneurship How to be resourceful as an entrepreneurbullet
9 Entrepreneurship Creating Success Systems | StartUpSchoolbullet
10 Support Finance minister buys Kantanka carbullet