Close Menu
  • Science
  • feature
  • Video
What's Hot

Albert Dwumfour re-elected GJA President with 64% of votes

July 1, 2025

BoG integrates over 40 financial institutions into cybersecurity command centre

July 1, 2025

Ghana makes headway in over $750m Afreximbank debt standoff – Deputy Finance Minister

July 1, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
Economy Times GhEconomy Times Gh
Subscribe
  • Science
  • feature
  • Video
Economy Times GhEconomy Times Gh
Home»Economy»Fuel prices drop amid cedi gains and levy Are suspension
Economy

Fuel prices drop amid cedi gains and levy Are suspension

AdminBy AdminJune 17, 2025No Comments2 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Ghanaians are begining the new week with some relief at fuel stations as several Oil Marketing Companies (OMCs) have commenced reductions in the prices of petroleum products at the pumps, effective this morning, June 16, 2025. Star Oil, a dominant player in the market, is now offering a litre of petrol at GH¢11.57, while maintaining the price of diesel at GH¢12.49.

Other OMCs are also adjusting their rates. Some selected stations have priced a litre of petrol as low as GH¢10.99. There are signs that Star Oil might undertake additional price reviews in the coming days.

Shell has joined the downward trend, quoting GH¢11.98 per litre for petrol—a reduction from the GH¢12.98 price tag on June 3, 2025. Diesel at Shell stations is also slightly down, now at GH¢12.85 from GH¢12.89. Allied Oil has followed suit with petrol now retailing at GH¢10.97, down from GH¢11.45 posted on June 2, 2025. Diesel at Allied has dropped to GH¢12.45 from a previous GH¢12.75.

Some OMCs told JOYBUSINESS they are working to review their pump prices before the close of business today, June 16, 2025.

The Chamber of Oil Marketing Companies told JOYBUSINESS that “the cedi’s continuous appreciation against the US Dollar is a major reason for the reduction at the pumps.” It added that government’s decision to suspend the GH¢1 levy also helped stave off a potential price increase.

On the global front, prices of petroleum products have surged in response to the ongoing Israel-Iran conflict in the Middle East. Still, OMCs have credited the cedi’s firm appreciation between May 27 and June 12, 2025 for today’s price cuts.

However, the chamber has cautioned that if tensions in the Middle East continue to push up crude oil prices globally, consumers should prepare for possible upward adjustments in fuel prices beginning July 1, 2025.

Meanwhile, government has hinted at imminent measures to cushion Ghanaians against the rising costs of crude oil on international markets. This development comes after President John Mahama instructed the Ministers of Finance and Energy to craft policies to manage the expected economic shocks.

Sources close to JOYBUSINESS say the proposed measures may be announced ahead of the Mid-Year Budget Review.
Source: Joy Business 

fuel prices Oil Marketing Companies (OMCs)
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Admin

Related Posts

BoG integrates over 40 financial institutions into cybersecurity command centre

July 1, 2025

Ghana makes headway in over $750m Afreximbank debt standoff – Deputy Finance Minister

July 1, 2025

GRA to roll out new tax measures from July 1 to boost revenue

July 1, 2025
Leave A Reply Cancel Reply

Top Posts

MTN Ayo Insurance fleeces customers

October 23, 202496

Eni welcomes withdrawal of unitisation directive

February 27, 202559

Ghana’s cocoa crisis deepens, 2024 half-year revenues crash by nearly $700 million

September 16, 202452

Using IT to fight galamsey: A sustainable approach

September 16, 202449
Don't Miss
General

Albert Dwumfour re-elected GJA President with 64% of votes

By AdminJuly 1, 20252

Incumbent President of the Ghana Journalists Association (GJA), Mr Albert Dwumfour, has been re-elected to…

BoG integrates over 40 financial institutions into cybersecurity command centre

July 1, 2025

Ghana makes headway in over $750m Afreximbank debt standoff – Deputy Finance Minister

July 1, 2025

GRA to roll out new tax measures from July 1 to boost revenue

July 1, 2025
Stay In Touch
  • Facebook
  • Twitter
Facebook X (Twitter) Instagram
  • Economy
  • feature
  • Life Style
  • Science
  • Video
© 2025 Economy Times Gh.

Type above and press Enter to search. Press Esc to cancel.