Ghana Ranked 10th in Africa with most Affordable Fuel Prices

A report by GlobalPetrolPrices.com ranks Ghana as 10^th in Africa with the most affordable fuel prices in March 2024.

On the global scale, Ghana sits comfortably at the 39th position for the cheapest fuel costs.

Currently, petrol prices in Ghana range from GH¢12.02 to GH¢13.29 per liter, while diesel falls between GH¢13.21 and GH¢14.60 per liter. This represents an increase from the previous rates.

According to GlobalPetrolPrices.com, the average price of fuel which is GH¢13.03 is cheaper than the global average of $1.30 per liter.

“The importance of a low fuel price cannot be overstated, particularly in countries with low-income levels. Low gasoline prices have an impact on many facets of the global economy. They empower consumers and companies and shape the market, all while ensuring that an economy can function smoothly. For this reason, governments work to keep the price of fuel somewhat low”, the report stated.