The price of petrol is expected to go up marginally from August 1, 2025. However, the prices of diesel and Liquefied Petroleum Gas (LPG) are expected to decline. This is based on the outlook report that guides the pricing of the Oil Marketing Companies (OMCs) in the country by the Chamber of Oil Marketing Companies […]
Tag: OMC’s
Fuel prices drop again due to competition: Petrol selling at GH₵10.75
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 […]
Fuel prices set to rise from today; but not all OMCs will follow suit
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%, […]
Fuel prices to fall significantly from December 16, 2022
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 […]
We’ve been engaging BoG; new interventions to reduce fuel prices in the offing – Chamber of Bulk Oil Distributors
The Chamber of Bulk Oil Distributors (COBD) says there will be some reprieve for consumers of petroleum products soon because of some measures the Bank of Ghana (BoG) has announced. The Central Bank has announced it will provide more forex for importers of petroleum products at competitive rates, which is expected to check the recent […]
Government to restore PSRLs on petrol, diesel and LPG effective February 1
The National Petroleum Authority (NPA) has indicated its decision to restore the Price Stabilisation and Recovery Levies (PSRL) on petrol, diesel and Liquefied Petroleum Gas (LPG) products effective February 1, 2022. President Akufo-Addo had directed the National Petroleum Authority to extend the removal of the Price Stabilisation and Recovery Levies on petrol, diesel, and LPG to […]
Scrapped fuel taxes cost 232 million Ghana Cedis between 2017 and 2018-Energy Minister
By John Elliot HAGAN, Accra Minister for Energy John Peter Amewu has disclosed that government spent GH₵232 million providing tax reliefs on petroleum products to ordinary Ghanaians between December 2017 and June 2018. He says the reliefs are part of government’s efforts to use tax interventions to mitigate the impact of the increasing price of […]