Fuel costs in Ghana have increased by more than 20%, with TotalEnergies now selling petrol and diesel for Ghs13.1 and Ghs15.99, respectively.
It is anticipated that more fuel stations would follow suit with just minor price changes.
A gallon of diesel will now sell for around Ghs72, with a litre of diesel costing Ghs15.99.
The Institute for Energy Security (IES) predicted an increase in gas prices last week.
This, according to the report, is a result of rising product prices on the global market and a sharp decrease in the value of local currencies relative to the US dollar or American greenback.
"The sharp rise in gasoline [petrol] and Gasoil [diesel] prices on the global market may drive the price of domestic gasoline and Gasoil rise higher, as against the rise in LPG [Liquefied Petroleum Gas] price.
"In IES’ estimation, consumers of gasoline and gasoil may pay between 7% and 12% more for a litre at the pump in the next two weeks, with gasoil per litre price hinging close to ¢15".
The nationwide average price for a litre of petrol increased by 1.36% to $11.05, from $10.90 in the previous session.
Diesel's average price per litre dropped from 14.45 to 13.98, a 3.25 per cent decrease.