Some Oil Marketing Companies have started increasing prices of petroleum products at the pumps from today July 16, 2025.
Major player, GOIL is selling a litre of petrol for GH₵12.88 from its old price of GH₵12.07. Diesel has gone up from GH₵13.20 to GH₵14.38.
Market Leader Star Oil has also increased its prices, selling a litre of petrol for GH₵12.59. However, some of its service stations will be selling the product at GH₵11.99.
Diesel has also gone up at Star Oil’s stations selling at GH₵13.99. However some stations will be selling the product at GH₵13.79.
Some of the Oil Marketing Companies have told JOYBUSINESS that they will be adjusting their prices later in the today.
Reasons for price increase
Most of the Oil marketing Companies have told JOYBUSINESS that the hike in prices is due to the application of the one cedi fuel levy on the prices of diesel and petrol from July 16, 2025.
The Chief Executive of the Chamber Oil Marketing Companies Dr. Riverson Oppong has told JOYBUSINESS that prices could have gone down by some 2 percent if the one cedi levy had not taken off from today July 16, 2025.
The Chamber of Petroleum Consumers has made a strong case for government to take a second look at the taxes on price build up on petroleum products to bring some relief to consumers.
Executive Secretary Duncan Amoah said reviewing the taxes could bring some relief to consumers, while government presses ahead with the implementation of the levy on the various petroleum products.
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