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Know how much you will pay for fuel now

A file photo of a fuel pump

Conversations in Ghana today have moved beyond whether or not the price of fuel in the country’s history would surpass the GH₵8 mark.

By and by, fuel prices have been on a sharp rise, almost as high as the rate of the Ghana cedi against the US dollar and other foreign currencies.

Today, at the fuel pumps, fuel prices have shot up by a whopping 16%, a report by myjoyonline.com has said.

So, how does that reflect in the prices you would pay for fuel at the pumps? Here is how the breakdown now looks like:

A liter of petrol is being sold at GH¢13.10 from the earlier GH¢11.10, while diesel is selling at a 12% increase of GH¢15.99, from the previous price of GH¢13.90.

The increment in prices has come about due to a slight increment in the price of crude oil on the world market, myjoyonline reports.

Also, the sharp depreciation of the Ghana cedi has been attributed to these new prices of fuel.

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It is also expected that prices of Liquefied Petroleum Gas (LPG) will go up by about 10%, with effect from Monday, October 17, 2022.

Source: www.ghanaweb.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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