Some Oil Advertising and marketing Corporations (OMCs) have began lowering costs of petroleum merchandise on the pumps from this morning June 16, 2025.
Market chief Star Oil is promoting a litre petrol at GH¢11.57. Nevertheless, that of diesel stays unchanged at GH¢12.49.
Some chosen stations are additionally quoting a litre of petrol at GH¢10.99
There are indications that Star Oil might perform additional evaluations within the coming days on the pumps.
One other main participant, Shell can be promoting a litre of petrol at GH¢11.98 a litre from its previous value of GH¢12.98 quoted on June 3, 2025. A litre of diesel goes for GH¢12.85 in comparison with the value of GH¢ 12.89 quoted on June 3, 2025.
Allied Oil has additionally lowered costs on the pumps, promoting a litre of petrol for GH¢10.97 from its previous value of GH¢11.45 printed on June 2, 2025.
Diesel has additionally been lowered from GH¢12.75 to GH¢12.45.
A few of the OMCs advised JOYBUSINESS they’re working to evaluation their costs on the pumps earlier than the shut work right now, June 16, 2025.
Causes
The Chamber of Oil Advertising and marketing Corporations earlier advised JOYBUSINESS that the cedi’s steady appreciation in opposition to the US Greenback is a significant cause for the discount on the pumps.
As well as, the chamber mentioned authorities’s determination to droop the GH¢1 levy additionally averted a value improve.
Costs of petroleum merchandise have gone up on the world market, following the Israel Iran struggle within the Center East.
The OMCs have once more argued that the sturdy appreciation of the cedi from Could 27 to June 12, 2025 additionally performed a big position within the reductions witnessed right now June 16, 2025.
Nevertheless, officers of the chamber have additionally maintained that if the present spike in crude costs don’t stop within the coming weeks as a result of Center East pressure, shoppers ought to brace themselves for a attainable value improve from July 1, 2025.
Authorities on gas value evaluation
Authorities has additionally said that it might within the coming days announce some recent measures to assist mitigate the affect of rising costs of crude oil on the worldwide market.
This follows President John Mahama’s directive to the Minister of Finance and Vitality to provide you with measures to assist handle the anticipated shocks.
Sources near JOYBUSINESS say the coverage measures could possibly be rolled out earlier than the Mid-Yr Funds Overview .
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DISCLAIMER: The Views, Feedback, Opinions, Contributions and Statements made by Readers and Contributors on this platform don’t essentially characterize the views or coverage of Multimedia Group Restricted.
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