Fuel Prices Rise as New GH₵1 Levy Takes Effect; Petrol Now GH₵12.88, Diesel GH₵14.38 per Litre

By Joylinda Laryea / July 16, 2025

Fuel prices have gone up at the pumps across Ghana as several Oil Marketing Companies (OMCs) begin implementing new rates from today, July 16, 2025, following the enforcement of a GH₵1 fuel levy on both petrol and diesel.

A major player in the market, GOIL, is now selling a litre of petrol at GH₵12.88, up from GH₵12.07. Diesel has also seen a sharp rise from GH₵13.20 to GH₵14.38 per litre.

Market leader Star Oil has also adjusted its rates, with a litre of petrol now selling at GH₵12.59, while some of its stations offer it at a slightly reduced rate of GH₵11.99. Diesel at Star Oil has increased to GH₵13.99 at some outlets, with other stations pricing it at GH₵13.79.

Other OMCs have indicated they will adjust their prices later today to reflect the new levy.

According to the Chief Executive of the Chamber of Oil Marketing Companies, Dr. Riverson Oppong, the new GH₵1 fuel levy is the main driver of the price hike. He disclosed to JOYBUSINESS that, without the levy, fuel prices could have dropped by as much as 2 percent this pricing window.

Meanwhile, the Chamber of Petroleum Consumers (COPEC) is urging the government to review the tax components in the petroleum pricing build-up. Executive Secretary of COPEC, Duncan Amoah, argued that a reassessment of the taxes could offer much-needed relief to Ghanaians, even as the government proceeds with the implementation of the levy.

Consumers are now bracing for the ripple effects of the price adjustments, which are expected to impact transport fares and the general cost of goods and services nationwide.