• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Fuel Prices to Rise Marginally from Today

4 months ago
in Business, Energy, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
162
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Fuel Prices to Rise Marginally from Today

Fuel prices in Ghana are set to edge higher from today, April 2, 2025, following the latest pricing outlook by Oil Marketing Companies (OMCs) for the period April 1 to April 15, 2025. The upward adjustment reflects developments in global crude markets, with oil prices rising due to supply constraints.

Market Adjustments and Projections

According to industry estimates, petrol prices are expected to climb by 2% to GHC 15.20 per liter, while diesel will rise by 1.1% to GHC 15.35 per liter.

However, consumers of Liquefied Petroleum Gas (LPG) will see a marginal price decline of 0.3%, bringing the cost per kilogram to GHC 17.30.

These changes come on the back of three consecutive fuel price reductions in recent weeks.

Global Market Forces Driving Prices

RelatedPosts

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

The primary driver of this latest adjustment is the sustained increase in crude oil prices on the international market. The rise is attributed to U.S. sanctions and geopolitical uncertainties affecting major oil producers such as Iran and Venezuela. Over the pricing window, crude oil prices have edged up 0.86%, with benchmark Brent crude trading around $74 per barrel.

Notably, the price increases are not linked to the Ghanaian cedi’s performance, a rare departure from previous trends. The local currency has remained relatively stable against the U.S. dollar throughout March, even appreciating by 0.07% in the final week, buoyed by interventions from the Bank of Ghana.

OMCs Weigh Competitive Pressures

Despite the forecasted increases, Oil Marketing Companies (OMCs) are split on implementation. Some industry players indicate that fierce competition and price-sensitive consumer demand could prompt a wait-and-see approach, with some firms opting to keep prices unchanged in a bid to retain market share.

Historically, price hikes have dampened fuel demand, prompting selective adoption of price adjustments. As a result, while some OMCs will reflect the new rates from April 2, others may hold off on passing costs to consumers immediately.

Tags: Fuel Prices to Rise Marginally from TodayOil Marketing Companies (OMCs)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

Trending

Features

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

August 2, 2025

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes Parliament has adjourned...

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.