Several Oil Marketing Companies (OMCs) have begun increasing fuel prices at the pumps with the start of the first pricing window in October.
This marks the first price rise after four consecutive decreases since the first pricing window in August.
Shell, which previously sold petrol (Fuel Save Super) for GH¢13.49 per liter in the second pricing window of September, is now retailing it at GH¢13.79.
Similarly, diesel (Fuel Save Diesel), which was priced at GH¢13.99 per liter, has now risen to GH¢14.35.
Market analysts attribute this increase to various international factors, including escalating tensions in the Middle East and a 1.09% rise in the price of refined petroleum products like petrol.
In contrast, diesel prices have decreased by 1.67%. The depreciation of the Cedi against major currencies, such as the US dollar, has also contributed to the price adjustments.
Additional OMCs are expected to follow suit and raise their prices in the coming days.
