Since the first pricing window opened in July, several oil marketing companies (OMCs) have started to raise fuel prices at the pump.

Energy Think Tanks like the Institute for Energy Security and the Chamber of Petroleum Consumers attribute this to the depreciation of the Cedi and the growing price of refined petroleum products on the global market.

Some oil marketing businesses, including Star Oil, have started raising their rates in accordance with this scenario. A liter of gasoline is currently selling for GH̼13.83, up from GH̼13.66 during the second June pricing window, and a liter of diesel is selling for GH̼14.79, up from GH̼13.97 during the same period.

Shell is charging GH˼14.80 for a liter of gasoline and GH̼14.92 for a liter of diesel. Prior to this, the second price of June saw petrol retailing for GH14.60 per liter and diesel for GH14.75.

Notable industry heavyweights including GOIL, a state-owned company, and Total Energies have also declared a price increase.

For example, GOIL charges GH₵14.80 per liter for Diesel, but Diesel XP costs GH₵14.92 per liter to consumers.

Meanwhile, Total Energies raised the price of its gasoline to GH¢14.85 and diesel to GH₵14.95 from GH₵14.65 in at least the previous two pricing periods.