The implementation of the one cedi fuel levy which commenced today July 16, 2025 has pushed prices of petroleum products up at some pump stations,
Some Oil marketing Companies told JOYBUSINESS they have no option but to pass on the cost to consumers.
The Chief Executive of the Chamber Oil Marketing Companies Dr. Riverson Oppong 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.
GOIL for example 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 say they will be adjusting their prices later in the today.
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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