Fuel prices across the various pumps have begun seeing some reductions from today January 1, 2024.
So far Star Oil has taken the lead to start selling a litre of petrol at GH¢11.24 from an earlier GH¢12.69 per litre, a litre of diesel for GH¢11.24 from the earlier GH¢11.69.
Other Oil Marketing Companies are expected to follow suit in the coming days.
This will be the second consecutive time fuel prices have been reduced.
The reduction has been attributed to the stability of the cedi despite the festive celebrations.
As of January 1, 2024, the cedi is being bought at GH¢12.00 and being sold at GH¢12.20.
Meanwhile, Ghana’s petroleum downstream regulator has revoked the licenses of 40 Oil Marketing Companies (OMCs) for failing to comply with industry regulations.
In January this year, the regulator, in a statement, announced the revocation of 30 licenses of OMCs.
This means that from January to date, the NPA has revoked an additional 10 licenses.
Source: Ghanaweb
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Ghanaians are now fed up with the everyday changes in fuel prices. Now nobody ask for the cost of a Gallon. The mantra at the fuel station is put 50, put 100, but 10, put 400 . What ever enters your fuel tank you go away with it. The interesting thing is that we are told Ghana produces crude oil in commercial quantities but it's citizens can't boasts that their country produces crude oil so their fuel is cheaper. A case of a Fulani man with cattle going to the market with a calabash in hand to buy cow milk to feed his family. Some Ghanaians have even forgotten that their country is a crude oil producer. "Ghana's crude oil discovery; a blessing or a curse"?