Some oil marketing companies (OMCs) have started to increase their prices at the pumps following the start of July’s second pricing window.
For example, Shell, one of the leading OMCs, has raised the price of petrol from GHȼ14.80 to GHȼ15.10 per litre, and diesel from GH¢14.92 to GHȼ15.25 per litre.
More OMCs are expected to adjust their prices upward in the near future.
The Chamber of Petroleum Consumers (COPEC) had forecasted a 4% increase in petroleum product prices ahead of the second pricing window for July, effective from Tuesday, July 16, 2024.
