State-owned Ghana Oil Company Limited (Goil) has reduced fuel prices at the pump for the second time in a week.
Super XP now sells at GHS12.38 per litre, down from GHS12.52, while diesel has dropped from GHS12.98 to GHS12.88.
The new prices took effect from 6:00 a.m. on Monday, June 9.
Exactly a week ago, Goil reduced petrol from GHS13.27 to GHS12.52 and diesel from GHS13.87 to GHS12.98.
According to Goil, the price adjustment reflects the recent appreciation of the Ghana cedi.
Although the company did not provide a detailed explanation in its social media announcement, the timing coincides with the currency’s gains on the forex market.
Meanwhile, effective June 16, consumers will begin paying new levies on petroleum products under the revised Energy Sector Levies Act, 2025 (Act 1141).
The Ghana Revenue Authority (GRA) has announced the following new rates:
• Super Petrol (Motor Spirit): from GHS0.95 to GHS1.95
• Diesel (AGO) and Marine Gas Oil – Foreign: from GHS0.93 to GHS1.93
• Marine Gas Oil – Local: from GHS0.03 to GHS0.23
• Heavy Fuel Oil (Residual Fuel Oil): from GHS0.04 to GHS0.24
• Partially Refined Oil (Naphtha): from GHS0.95 to GHS1.95
• Liquefied Petroleum Gas (LPG) remains unchanged at GHS0.73
The new levies apply to all petroleum products not lifted before June 9, 2025.
However, transitional arrangements have been put in place which see products lifted by a Petroleum Product Marketing Company (PPMC) before June 9 will still be charged under the old rates.
Any “cash-and-carry” transactions by PPMCs involving products lifted on or after June 1, 2025, will attract the new levies.
