Fuel prices surges to almost GHS16 per litre

Over the weekend, fuel prices have shot up to almost GHS16 per litre at some stations in the country.

At a leading Oil Marketing Company, Total Energies, for instance, the price of Diesel now stands at GHS15.99 while petrol sells for GHS13.10.

This is a sharp rise from the GHS11.06 per litre for petrol and GHS13.95 per litre for diesel earlier in the month.

The rampant increase in the price of fuel in the country which started off in January at about GHS6.5 per litre has been attributed mainly to the rise in the cost of the commodity on the world market and the constant depreciation of the cedi.