Costs of the petroleum merchandise are set to witness the most important drop on the pumps in the present day Could 16, 2025.
That is based on the Chamber of Oil Advertising and marketing Corporations (COMAC) Pricing Outlook for the second pricing window for the month of Could 2025.
Value quotes for numerous merchandise
In keeping with the pricing tips for the window, petrol is predicted to go down between 6.7 p.c and eight.8 p.c per liter from in the present day.
By this, a litre could possibly be bought for GH₵13.27 and even decrease.
Diesel, alternatively, must be decreased by 4 per cent or 6 per cent per litre. This might lead to a litre going for GH₵ 14.40 and even decrease.
Liquefied Petroleum Fuel is more likely to promote for GH₵16 per kilogram if the assorted Oil Advertising and marketing Corporations modify their costs by 5.3 per cent.
Causes for the discount
The chamber has attributed the rationale for the sharp drop in costs to the cedi’s report appreciation in opposition to the U.S greenback.
The chamber in its report notes that “between Could 1 and Could 15, 2025, the Ghanaian cedi appreciated considerably in opposition to the US greenback, strengthening from GHS14.27 to GHS12.45, a acquire of roughly 12.8%”.
Crude oil costs and costs of completed petroleum merchandise have additionally witnessed some vital decline through the interval beneath overview.
Gasoline costs have witnessed a downward development for the final 5 consecutive home windows.
Petrol costs fell marginally by 0.34%, LPG dropped by 2.70%, whereas gasoil recorded the best decline among the many merchandise, falling by 3.54%.
Oil Advertising and marketing Corporations responding
Market chief GOIL has introduced a discount in costs of the assorted merchandise at its service stations throughout the nation.
Petrol goes for GH₵13.32 per litre. Diesel is promoting at GH₵13.91.
GOIL’s adjustment reveals the seventh consecutive time the corporate has decreased costs since February 2025.
Star Oil, the second greatest Oil Advertising and marketing Firm, based on trade knowledge for final 12 months, has additionally introduced a discount in costs of petroleum merchandise efficient 8am on Could 16, 2025 .
Petrol is promoting at GH₵12.57. A few of their stations are promoting a litre for GH₵12.47.
Diesel goes for GH₵13.49. Star Oil, nonetheless, says a few of their service stations will promote the diesel for GH₵13.29 per litre at a reduced worth.
Nonetheless, the Ghana Non-public Street Transport Union (GPRTU) has argued that the reductions usually are not sufficient to scale back transport fares.
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DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially symbolize the views or coverage of Multimedia Group Restricted.
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