Continuous increase in fuel prices a big challenge – Energy Ministry

Diesel to go up by 11.14%,

Petrol to go up 13%.

Cost of refinery affecting price of fuel

The Ministry of Energy has noted that the continuous increase in prices of petroleum products remains a huge challenge for them.

According to Deputy Energy Minister William Owuraku Aidoo, the global crisis of increase

Read full articlein crude oil prices has affected fuel prices.

“Mr. Speaker indeed it has been a challenge, this is a worldwide phenomenon that is happening,” he said.

Deputy Energy Minister William Owuraku Aidoo made the statement while speaking on the floor of parliament.

He noted that government is working to address the issues and “continue to afford us enough supply of petroleum in this country.”


Consumers of petroleum products must brace themselves for another increase in fuel prices from Thursday, June 16, 2022.

Data from the Bulk Oil Distribution Companies as reported by JoyBusiness suggests that the price of a litre of diesel is expected to go up by 11.14%, while petrol will go up 13%.

In effect, the average price of fuel is likely to increase by about GH¢1.33 per litre.

Petrol prices are projected to go up by GH¢1.24/Litre which is an 11.41% increase and that of Diesel by GH¢1.43 /Litre also a 12.93% increase.

Petrol at various fuel pumps is currently selling at about GH¢10.10 per litre, whereas diesel is going for GH¢12.20.

This is due to the increasing cost of refinery despite a slight reduction in crude oil prices on the international market.

It is unclear whether the BDCs will negotiate with the OMCs to reduce the margin for the increment but any increment in fuel prices may force commercial transport operators to push for an increment in transport fares.

Owuraku Aidoo however added that “to help stabilize the petroleum products government instituted temporary forex cover for foreign imports through the Bank of Ghana.”