Ghana moves from 13th to 12th country with lowest fuel prices in Africa

Ghana’s position has improved from being the 13th country in Africa with the lowest fuel prices to the 12th, while ranking 48th globally.

This ranking is according to data on globalpetrolprices.com, where Ghana's average petrol price in April is $1.029 per litre.

Libya maintained its position as number one in Africa with the lowest fuel price of $0.027 per litre and number one globally. Angola and Egypt came 2nd and 3rd respectively with fuel prices of $0.328 and $0.331 per litre.

Algeria ($0.343), Nigeria ($0.560), Sudan (0.700), Tunisia ($0.831), Ethiopia ($0.851) and Liberia ($0.871) were 4th, 5th, 6th, 7th, 8th and 9th respectively.

Fuel prices in Ghana saw a marginal increase and decrease at various pumps across the country during the first pricing window of April.

Despite the fall in global crude prices, Ghana is yet to feel the impact as the cedi continues to depreciate against the dollar. 

Crude oil is currently selling below $60 due to trade wars between China and the US.

A report by the National Petroleum Authority noted that petrol prices rose by 2%, bringing the price per liter to GH¢15.20, while diesel increased by 1.1% to GH¢15.35 per liter.

However, there was a slight relief for Liquefied Petroleum Gas (LPG), which dropped marginally by 0.3%, with a kilogramme selling at GH¢17.30.

SSD/AE

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