Sylvie Willis
As of August 4, 2025, the price of gasoline in Ghana was GHS 15.77 per liter or USD 1.49 per liter. This is an increase from December 30, 2024, when the price of gasoline was GHS 15.38 per liter or USD 1.05 per liter. While the price of gasoline in Ghana is typically given per liter, it is possible to convert this to a gallon, which is approximately 3.785 liters.
| Characteristics | Values |
|---|---|
| Price of gasoline per liter | GHS 15.77 or USD 1.49 |
| Average price of gasoline worldwide | USD 1.20 per liter |
| Price of gasoline in Ghana on 30 December 2024 | GHS 15.38 or USD 1.05 |
| Price of SUPER XP on 1 August 2025 | GHS 12.88 |
| Price of DIESEL XP on 1 August 2025 | GHS 14.38 |
| Price of SUPER XP 95 on 1 August 2025 | GHS 15.77 |
Explore related products
What You'll Learn
Ghana's fuel prices in USD
Ghana's fuel prices are usually quoted in the local currency of Ghanaian cedis (GHS) per liter. As of August 4, 2025, the price of gasoline in Ghana was GHS 15.77 per liter, which equated to approximately USD 1.49 per liter. This price is higher than the worldwide average of USD 1.20 per liter.
To give some historical context, Ghana's average fuel price from 1991 to 2016 was USD 0.63 per liter, with a minimum of USD 0.20 in 2000 and a maximum of USD 1.06 in 2014. In December 2024, the price of gasoline stood at GHS 15.38 per liter, or USD 1.05, which was a slight increase from the beginning of the month.
Fuel prices in Ghana appear to fluctuate over time, with periodic increases and decreases. It's important to note that these prices refer to the pump prices of the most widely sold grade of gasoline and may not include taxes. Additionally, the prices are subject to change due to various factors, such as global oil price fluctuations, local economic conditions, and government policies.
The Ghana Oil Company Limited (GOIL), a leading petroleum product marketing company in Ghana, provides some insight into the country's fuel industry. In 2022, GOIL accumulated revenue from sales amounting to GHS 12.44 billion, which is roughly USD 1.03 billion. This indicates a substantial contribution to the country's economy through the sale of petroleum products.
Commuter Trains: Fuel Efficiency and Energy Consumption
You may want to see also
Explore related products
Ghanaian Cedi fuel prices
Fuel prices in Ghana are typically listed in Ghanaian cedi per liter. As of December 30, 2024, the price of gasoline in Ghana was 15.38 Ghanaian cedis per liter, which was equivalent to 1.05 US dollars. This price represented a slight increase of 0.04 cedis from the beginning of the month.
Prior to this, in January 2025, sources reported the weekly gasoline prices in Ghana from October 19, 2020, to December 30, 2024, in Ghanaian cedis per liter.
Fast forward to August 1, 2025, and the Ghana Oil Company announced new fuel prices:
- SUPER XP: GHC 12.88
- DIESEL XP: GHC 14.38
- SUPER XP 95: GHC 15.77
Ghana consumed about 155,000 metric tons of gasoline in November 2023, indicating an increase in consumption from the previous month. In 2022, the country consumed over 4.2 million metric tons of petroleum products, with around 1.6 million metric tons being Automotive Gas Oil (AGO).
Outboard Fuel Efficiency: 40HP Engine Consumption Explained
You may want to see also
Explore related products
Ghana Oil Company Limited
GOIL was formed on 14 June 1960 as a private enterprise named AGIP Ghana Company Limited, with major shareholders being AGIP SPA of Italy and SNAM S.P.A. It took over the marketing outfit of AGIP PETROLI, a subsidiary established in Ghana in 1960. The company initially produced fossil fuel products such as fuel, propane, butane, asphalt, and lubricants. In 1968, SNAM S.P.A. transferred its shares to Hydrocarbons International Holdings.
In 1974, the Government of Ghana acquired 100% of the shares from AGIP SPA and Hydrocarbons International Holdings, and the company's name was changed to Ghana Oil Company Limited. The company was listed on the Ghana Stock Exchange in 2007 and became a public company. In 2019, the company changed its name to GOIL Company Limited and later to GOIL PLC to reflect its growth and expansion in the petroleum sector and other industries.
GOIL has a strong presence in the bulk fuel distribution market and supplies fuel, lubricants, and other petroleum products across Ghana and beyond. It has a vast network of fuel stations, lube bays, and retail stations strategically located across the country. The company also has a strong commitment to sustainability and has invested in environmentally friendly technologies and community development programs.
As of August 2025, the fuel prices for SUPER XP and DIESEL XP are GHC 12.88 and GHC 14.38, respectively.
Fuel Pump Cost for an Intrepid: How Much?
You may want to see also
Explore related products
Ghana's fuel prices compared to the world average
Ghana's fuel prices have experienced fluctuations, with the cost of gasoline standing at 15.38 Ghanaian cedis (GHS) per liter or approximately 1.05 US dollars as of December 30, 2024. In the following months, the price rose further, reaching GHS 15.77 per liter or USD 1.49 per liter by August 4, 2025. When compared to the world average, Ghana's fuel prices are relatively higher. As of August 2025, the average price of gasoline worldwide was USD 1.20 per liter. This indicates that Ghana's fuel prices are above the global average.
The ranking of Ghana's fuel prices in a global context provides additional insights. According to data from May 2025, Ghana was ranked as the 20th cheapest country for petrol prices in Africa. This ranking suggests that while Ghana's fuel prices may be lower compared to some African nations, there are also a significant number of countries on the continent with more affordable fuel options. On a global scale, Ghana placed 77th in terms of petrol prices, indicating that a large portion of the world's countries have lower fuel costs.
The discrepancy between Ghana's fuel prices and the world average can be influenced by various factors. One key consideration is the country's reliance on petroleum imports. Ghana's domestic crude oil production may not be sufficient to meet the entire country's demand, leading to a dependence on imported petroleum products. The costs associated with importing fuel, including transportation and potential tariffs, can contribute to higher prices for consumers.
Additionally, the presence of state-owned or national oil companies in some countries allows for more centralized control over fuel pricing. These companies may prioritize strategic economic goals or social stability over immediate profitability, resulting in fuel prices that are lower than what might be expected in a purely market-driven system. This can create a situation where the world average is skewed towards more affordable fuel prices due to the influence of these state-controlled energy sectors.
It is worth noting that fuel prices are subject to frequent changes due to various economic, political, and logistical factors. The historical data available for Ghana's fuel prices showcases a range of highs and lows. For instance, on November 7, 2022, the price of gasoline peaked at GHS 18.85 per liter, significantly higher than the world average at the time. Conversely, there have also been periods where Ghana's fuel prices were more closely aligned or even slightly below the global average.
US Fossil Fuel Usage: A Comprehensive Overview
You may want to see also
Explore related products
![Prices Charged for Gas in Various Cities of the United States from 1885 to 1907, Inclusive / Compiled by Milwaukee Gas Light Company 1907 [Leather Bound]](https://m.media-amazon.com/images/I/617DLHXyzlL._AC_UL320_.jpg)
How fuel prices have changed over time
Fuel prices in Ghana have fluctuated over the years, with several factors influencing the market. Let's take a look at how prices have changed over time.
1991 to 2016
During this period, the average gasoline price in Ghana was 0.63 dollars per liter. The price saw a minimum of 0.2 dollars per liter in 2000, indicating a period of lower fuel prices.
2014
A significant peak occurred in 2014, when the price rose to 1.06 dollars per liter. This was the highest price recorded during this period.
2016
There was a slight decrease in 2016, with prices dropping to 0.92 dollars per liter. This was still higher than the historical average for the country.
2020 to 2022
Moving closer to the present, Ghana's fuel market saw changes in consumption and pricing. In 2020, the country produced 173 thousand barrels of crude oil per day. This period also saw the rise of prominent petroleum companies like Ghana Oil Company Limited (GOIL) and Total Petroleum Ghana.
2022
In 2022, Ghana consumed over 4.2 million metric tons of petroleum products, with approximately 1.6 million metric tons being Automotive Gas Oil (AGO). This increase in consumption likely influenced fuel prices.
2023
The following year, in November 2023, Ghana's gasoline consumption increased to about 155,000 metric tons, representing a rise compared to the previous month. This surge in demand may have had an impact on prices, but specific data on price values for this period is currently unavailable.
2024 to 2025
By the end of 2024, weekly gasoline prices in Ghana were recorded, providing insights into the most recent trends. As of January 2025, fuel prices were listed as follows:
- SUPER XP - GHC 12.88
- DIESEL XP - GHC 14.38
- SUPER XP 95 - GHC 15.77
These values represent the latest fuel prices in Ghana, indicating a general upward trend from the previous years' prices.
In summary, Ghana's fuel prices have undergone variations, influenced by factors such as production, consumption, and the presence of major petroleum companies. The data provides a glimpse into the dynamic nature of the country's fuel market and how prices have adjusted over time.
Fixing Wrong Fuel: What's the Cost?
You may want to see also
Frequently asked questions
The current price of a gallon of fuel in Ghana is unknown, but as of August 4, 2025, the price of gasoline was GHS 15.77 per liter.
As of August 4, 2025, the price of gasoline per liter was USD 1.49.
Between August 24, 2015, and August 4, 2025, the average price of gasoline was GHS 7.93 per liter.
