Certain oil marketing companies have begun to lower the retail cost of petroleum products.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

Some oil marketing firms have started reducing the prices of petroleum products at the pumps from yesterday, September 2, 2024.

Market leader GOIL is selling at litre of petrol at GH¢14.16.

This represents a 6 pesewas drop per liter and 0.42 percentage point reduction per litre of petrol. Diesel is also going for GH¢14.70 from its old price of GH¢14. 90.

This represents 20 pesewas drop in prices and 1.34 percentage points reduction per liter of diesel.

The second biggest Oil Marketing Firm, based on half-year industry data, Star Oil has also reduced the prices of its petroleum products.

The company reduced the price of petrol per litre by some 0.73 percentage points, going for GH¢13.65. 

Source: newsthemegh.com