As of today, July 16, 2025, numerous oil marketing corporations have initiated an increase in the fuel prices at the gas pump.
A litre of fuel used to cost GH₵12.07, but major player GOIL is now selling it for GH₵12.88. Diesel now costs GH₵14.38 instead of GH₵13.20.
Additionally, market leader Star Oil has raised its rates; now, a litre of gasoline costs GH₵12.59. GH₵11.99 will be the price at which certain of its service stations would offer the product, nevertheless.
Additionally, the price of diesel at Star Oil outlets has increased to GH₵13.99. GH₵13.79 will be the price at which certain stations will offer the product, nonetheless.
A few oil marketing companies have informed JOYBUSINESS that they will be making price adjustments later today.
Causes of the Fuel prices increase
The majority of oil marketing companies have informed JOYBUSINESS that the price increase is the result of the one cedi fuel charge that will be applied to the prices of petrol and diesel starting on July 16, 2025.
Dr. Riverson Oppong, the CEO of the Chamber of Oil Marketing Companies, told JOYBUSINESS that if the one cedi levy had not been implemented as of today, July 16, 2025, prices might have decreased by almost 2%.
In order to help customers, the Chamber of Petroleum customers has made a compelling case for the government to reconsider the taxes on price increases for petroleum goods.
While the government continues to impose the levy on the various petroleum products, Executive Secretary Duncan Amoah stated that a review of the tariffs would provide some respite for customers.
