Some Oil Marketing Companies (OMCs) have started reducing prices of petroleum products at the pumps again. This is the second time this week fuel prices have gone down at the pumps for the second pricing window of June. The reduction, JOYBUSINESS understands, is a result of competition among some major OMCs due to a price […]
The prices of petroleum products are expected to witness one of the biggest drops at the pumps this year. This is due to the appreciation of the cedi against the dollar. According to the latest Chamber of Oil Marketing Companies (COMAC) pricing outlook for the first pricing window of June 2025, fuel prices will fall […]
The Chief Executive Officer of the Association of Oil Marketing Companies (AOMCs) says Ghanaians may soon enjoy significantly lower fuel prices at the pump if the cedi continues its recent run of stability. Dr Riverson Oppong, speaking on JoyNews’ PM Express on Monday, May 26, projected that petrol could drop to as low as GH¢12 […]
Prices of the petroleum products are set to witness the biggest drop at the pumps today May 16, 2025. This is according to the Chamber of Oil Marketing Companies (COMAC) Pricing Outlook for the second pricing window for the month of May 2025. Price quotes for various products According to the pricing guidelines for the […]
An economist says the recent appreciation of the Ghana Cedi and reduction in fuel prices may not lead to a corresponding drop in the prices of goods due to the country’s manual approach to economic management. Dr Samuel Worlanyo Mensah said that until Ghana adopts an automated economic analysis and decision-making system, such changes in […]
Prices of petroleum products are expected to see marginal increases at the pumps starting today, April 2. This is based on the latest Pricing Outlook Report obtained by Joy Business, which guides Oil Marketing Companies (OMCs) from April 1 to April 15, 2025. According to the report, petrol prices are projected to rise by 2%, […]
Crude oil prices surged on Monday January 9, after China, one of the world’s largest economies opened its borders. With China being one of the largest importers of crude oil, the re-opening of their borders led to an increase in demand which pushed the prices of the crude oil from US$74.67 to US$79.47 per barrel. […]
Some leading Oil Marketing Companies (OMCs) have begun reducing prices of some petroleum products at the pumps. Market leader, GOIL, has announced more than 8% reduction in fuel prices. It has slashed the the price of diesel by ¢1.50 to now sell at ¢14.60 per litre. On the other hand, petrol is going for ¢12.40 […]
Prices of petroleum products are expected to fall significantly beginning this Friday, December 16, 2022, the Institute for Energy Security (IES) has projected. According to IES, the expected price drops would be significant due to the 6.60% appreciation of the cedi against the US dollar. It said the new prices will fall to about ¢13 […]
The Chamber of Petroleum Consumers (COPEC) has announced that fuel prices are likely to be reduced by Monday, November 14, 2022. There has been a recent hike in fuel prices, including diesel and petrol. Diesel is currently selling for more than GH¢23, while the price of petrol is hovering around GH¢18. But speaking to Roselyn […]
Traders have called on the government to take urgent steps to reduce fuel prices to mitigate the economic hardships they currently face. According to the traders, the continued increment in fuel prices had increased the cost of transporting foodstuffs from the farm gates in the rural areas to urban markets. They also said middlemen who […]
The persistent rise in the prices of petroleum products at the pumps in the last couple of months will now be a thing of the past, the Chief Executive Officer of the Chamber of Bulk Oil Distributors (CBOD), Senyo Hosi, has assured. This follows the major intervention by the Bank of Ghana (BoG). The central […]
