Fuel Prices Surge Again Despite NPA’s Reassurances, Petrol Reaches GH₵16.23 Per Litre
Ghanaian motorists are facing yet another increase in fuel prices, marking the third surge since the beginning of 2025. Despite reassurances from the National Petroleum Authority (NPA), Shell has adjusted its prices, now selling petrol at GH₵16.23 per litre and diesel at GH₵16.20 per litre.
In the first pricing window of February 2025, oil marketing companies (OMCs) have once again raised their prices, a move that contradicts recent commitments made by the Acting CEO of the NPA, Edudzi Tameklo. He had previously assured consumers that steps were being taken to stabilize fuel costs and minimize the impact of price fluctuations.
However, the latest developments indicate otherwise. Shell, for instance, has increased the price of petrol from GH₵15.59 per litre at the end of January to GH₵16.23, while diesel has gone up from GH₵15.79 to GH₵16.20 per litre. Meanwhile, Star Oil has kept its petrol price steady at GH₵14.99 per litre, but diesel has risen from GH₵14.99 to GH₵15.37 per litre.
The Chamber of Petroleum Consumers (COPEC) had previously anticipated a slight price increment, attributing it to rising global crude oil prices and the persistent depreciation of the Ghanaian cedi. Brent crude oil, a major determinant of local fuel prices, has remained above $80 per barrel, while the weakening cedi has further increased import costs for fuel suppliers.
Consumers and business owners are growing increasingly worried about the continuous surge in fuel prices, as it is expected to drive up the cost of goods and services across various sectors. Many are calling on the government and the NPA to implement long-term measures to curb fuel price instability and provide relief for consumers.
With another pricing review set for mid-February, industry analysts and consumers alike will be closely watching to see whether prices will hold steady or continue to climb.
