According to the institution, the increment in the price of fuel is occasioned by the 6.33% rise in average Brent crude price, as well as a corresponding 8.81% and 5.56% increase in prices of Gasoline and Gasoil on the international market respectively. It is as well due to the cumulative depreciation of the Cedi against the US dollar.
5 fuel stations selling the cheapest fuel in Accra this March despite the cedi’s weak performance
The Institute of Energy Security (IES) recently projected that a litre of fuel in Ghana is likely to exceed $1 dollar (equivalent GH¢5) in March this year.
However, the prices of fuel have, since the last pricing window in December 2018, remained stable at major oil marketing companies in Ghana.
This means that the depreciation of the Cedi against the U.S dollar has not affected the sales of fuel as at now.
It is also due to the competition that has generated among fuel stations to ensure they get more customers.
Here are 5 fuel stations in Accra and other areas selling the cheapest fuel this March.
Frimps fuel station sells a litre of petrol at GH₵ 4.88 and diesel at GH₵4.88.
2. Nick Petroleum
Nick Petroleum fuel station sells a litre of petrol at GH₵ 4.89 and diesel at GH₵4.89.
3. Galaxy Oil
Galaxy Oil fuel station sells a litre of petrol at GH₵ 4.70 and diesel at GH₵4.90.
4. Star Oil
Star Oil fuel station sells a litre of petrol at GH₵ 4.89 and diesel at GH₵4.92.
5. Puma Energy
Puma energy fuel station sells a litre of petrol at GH₵ 4.92 and diesel at GH₵4.92.
JOIN OUR PULSE COMMUNITY!
Eyewitness? Submit your stories now via social or: