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Some oil marketing companies have begun marginally reducing fuel prices at the pump following the start of the first pricing window in March.
This marks the second consecutive reduction after three successive price hikes earlier this year.
Total Energies has led the latest adjustment, lowering the price of both petrol and diesel from GHS 15.99 in the second pricing window of February to GHS 15.79 per liter in the first pricing window of March
Shell has also adjusted it fuel prices downward for the first pricing window of March. The price of petrol has been reduced from GHS 15.89 per litre in the second pricing window of February to GHS 15.72 per litre.
Similarly, diesel now sells at GHS 15.77 per litre, down from GHS 15.99 per litre in the previous pricing window.
The reductions are being attributed to falling crude oil prices on the international market and a slight depreciation of the Ghanaian cedi against the US dollar.
This development signals a potential trend, with other oil marketing companies expected to follow suit in the coming days.
