Some Oil Advertising and marketing Corporations (OMCs) have begun adjusting gasoline costs consistent with business projections.
At Goil, the worth of petrol is now promoting at GH¢12.90 per litre, up from GH¢12.88. Diesel, nonetheless, has been lowered from GH¢14.30 to GH¢13.90.
Shell has additionally adjusted its costs, with petrol promoting at GH¢13.59 per litre in comparison with the earlier GH¢12.89.
In the meantime, market chief Star Oil says its costs will stay unchanged till September 15, 2025. At the moment, Star Oil is promoting petrol at GH¢12.77 per litre and diesel at GH¢13.35.
Earlier, Chief Govt of the Chamber of Oil Advertising and marketing Corporations (COMC), Dr. Riverson Oppong, advised Pleasure Enterprise that some corporations had revised downwards the anticipated margin of improve for petroleum merchandise this week.
Projected Costs
Final Friday, the Chamber projected petrol costs to rise between 3.86% and 5.40% per litre from September 1, 2025, with a doable improve to GHS 13.67 per litre.
LPG was anticipated to go up by as a lot as 4.57% per kilogram. Diesel was projected to rise by 3.39%, which might push the worth to GHS 14.35 per litre.
Causes for the Changes
Based on the Chamber, the will increase have been influenced by the cedi’s depreciation towards the US greenback, which shifted from GH¢10.71 to GH¢11.20 up to now month — a 3.98% drop, described because the “highest for the reason that begin of this 12 months.”
The Chamber additionally famous that crude oil costs on the worldwide market have truly been falling: petrol by 0.45%, diesel by 3.73%, and LPG by 1.73%.
Some business gamers argue that the latest one-cedi levy on petroleum merchandise has additionally contributed to the rise.
Cedi Depreciation and Provide Challenges
Regardless of the worldwide worth drops, the Chamber careworn that the cedi’s depreciation and recurring shortfalls in petrol provide have pressured costs upward.
Pleasure Enterprise reported final week that provide challenges hit the market earlier this month, notably for petrol. This pushed some OMCs to regulate their costs in mid-August, even earlier than the same old overview interval.
DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially signify the views or coverage of Multimedia Group Restricted.
DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially signify the views or coverage of Multimedia Group Restricted.
Source link
