A release from the National Petroleum Authority said a litre of petrol will now be selling at GH¢3.33, up from GH¢3.05 – a 9 percent increase.
Diesel will also be selling at GH¢3.24 up from the old price of GH¢2.97 per litre.
A kilogram of LPG is expected to be sold at GH¢2.98s from the old price of GH¢2.64.
MGO Local is also expected to go up from GH¢2.71 to GH¢2.96.
The new price of petroleum products which has shot up by 9 percent took effect Sunday May 17.
Unified petroleum and kerosene for mining firms are also expected to go up by 4 per cent. However premix fuel and RFO will not see any price adjustments.
The last time prices went up, was around November 2014. However on January 1 2015 the National Petroleum Authority actually reduced prices by 10 percent, forcing commercial drivers to reduce transport fares by 5 percent.