GOIL keeps petrol at GH¢15.43 and diesel at GH¢17.26 despite market forecasts

Ghanaian market leader GOIL kept petrol at GH¢15.43 per litre and diesel at GH¢17.26 per litre on Wednesday, September 2.

The state-linked oil marketing company confirmed the figures in price quotes published on its official social media platforms.

The decision leaves fuel prices unchanged despite clear industry projections that pump prices would rise across Ghana for the current pricing window.

It is not immediately clear what influenced GOIL to maintain its prices while costs escalated on international markets.

Rising international crude oil and refined petroleum product prices were expected to put direct upward pressure on Ghanaian pump prices.

Industry analysts pointed to two potential explanations for the company's holding pattern.

Fierce competition in the downstream petroleum market may have forced GOIL to keep prices low to protect

According to Joy Online.