Major Oil Marketing Companies (OMCs) in Ghana have increased pump prices for Petrol and diesel since the last pricing window this month.
Fuel prices in Ghana especially fuel stations in Accra have seen an upward revision due to increment in energy sector levies as announced by the Finance Minister, Ken 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”.
However, according to Ghanatalksbusiness.com checks, below are 5 fuel stations in Accra and other areas with the lowest pump prices so far this September.
Frimps Oil fuel station sells a litre of petrol at GH₵ 5.15 and diesel at GH₵ 5.15. This is the lowest pump price so far.
Puma Energy fuel station sells a litre of petrol at GH₵ 5.25 and diesel at GH₵ 5.25
Star Oil fuel station sells a litre of petrol at GH₵ 5.30 and diesel at GH₵5.30.
Allied Oil limited
Allied fuel station sells a litre of petrol at GH₵ 5.34 and diesel at GH₵ 5.33.