Some Oil Marketing Companies (OMCs) have begun reducing fuel prices at the pumps by significant margins following the start of the second pricing window in September.
This marks the fourth consecutive decrease in fuel prices by OMCs since prices began to drop in the first pricing window in August.
State-owned Goil, which previously sold petrol (Super XP) at GH¢14.16 in the first pricing window of September, is now offering it at GH¢12.99.
Diesel (Diesel XP), which was previously priced at GH¢14.70 is now being retailed at GH¢14.49.
These reductions are attributed to the continued declines in prices of refined petroleum products on the international market and the relatively favourable performance of the Cedi against the preceding pricing window.
Additional OMCs are anticipated to follow suit and reduce their prices in the coming days.
