Some Oil Marketing Companies (OMCs) have begun lowering fuel prices following the start of the second pricing window of February.
Total Energies has led the way, reducing the price of both petrol and diesel to GH¢15.99 per litre, down from GH¢16.15 in the first pricing window of the month. Notably, Total had maintained its price at GH¢16.15 while other OMCs raised theirs earlier in February.
Shell has also adjusted its prices, dropping the cost of diesel from GH¢16.09 to GH¢15.99 per litre, while petrol has seen a reduction from GH¢16.23 to GH¢15.89 per litre.
This marks the first decline in fuel prices this year after three consecutive increases since January.
Industry analysts attribute the reduction to falling crude oil prices on the international market, along with other market dynamics influencing local fuel pricing.
