Some Oil Marketing Companies (OMCs) have begun marginally increasing fuel prices as the first pricing window for December takes effect.
Shell has taken the lead, adjusting prices for both petrol and diesel upward.
A litre of petrol, which sold at GH₵14.82 during November’s second pricing window, now retails at GH₵14.99, reflecting a slight increase. Diesel has also seen a marginal rise from GH₵15.66 to GH₵15.72 per litre.
This comes after petrol prices saw a slight decline while diesel prices remained unchanged during the previous pricing window, defying widespread expectations of general price reductions.
The Chamber of Petroleum Consumers (COPEC) had earlier projected a dip in fuel prices during the second pricing window in November.
Their forecast was based on declining international market prices and the cedi’s relatively stable performance.
Data from the energy think tank showed petrol prices on the global market dropped from $723.03 to $676.64 per metric tonne.
Shell’s recent increment could set the tone for further price adjustments as the December pricing window unfolds.
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