Oil Marketing Companies (OMCs) have begun increasing prices of petroleum products at the pumps.
This is due to the fortnight review of petroleum prices that took off from October 16, 2022.
Checks by Joy Business indicate that some OMCs are selling a price of petrol per liter for GH¢13.10, from the previous price of GH¢11.10, about a 16% increase.
On the other hand, the price of diesel per liter has shot up to about GH¢15.99, from the previous price of GH¢13.90. This is about 12% surge.
Amidst all these, the inflation rate has surged up to 37.2% for the month of September. Currently, the cedi has also depreciated by 2.8% to the dollar in just a single day.
PM Express will tonight discuss the recent fuel price increments amidst the current economic hardship.
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