Fuel Watch: Latest fuel prices at the 5 major fuel stations in Ghana

Fuel prices in Ghana have seen an upward revision due to increment in energy sector levies as announced by the Finance Minister, Ken Ofori-Atta.

The latest fuel prices took effect from September, 2019 where almost all major Oil Marketing Companies in Ghana reviewed prices at the pump upwards.

According to Mr Ofori-Atta, the government introduced the Energy Sector Levy Act (ESLA) Bond in 2017, which has raised about GHS 6 billion on the back of ESLA levies to pay for legacy debts from the past government.

Presenting the 2019 mid-year budget review speech, Mr Ofori-Atta told lawmakers in the country on Monday, 29 July 2019 that: The bond proceeds (in the past) were used to liquidate approximately 60% of the energy sector legacy debts”.

He continued: “Government proposes to increase the Energy Sector Levies by GHp 20 per litre for petrol and diesel, and GHp 8 per kg for LPG, so as to increase the inflows to enable Government issue additional bonds to pay down our energy sector debt obligations. Based on current indicative prices for petrol and diesel this translates to GHp 90 per gallon”.

Meanwhile, Below are the latest fuel prices at the 5 major pumps in Ghana when Ghanatalksbusiness visited some OMCs station.