• 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

Petrol, Diesel and LPG Prices to Decline Amid Cedi Appreciation and GHS 1 Levy Suspension

4 months ago
in Business, Economy, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
95
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Petrol, Diesel and LPG Prices to Decline Amid Cedi Appreciation and GHS 1 Levy Suspension

Prices of petroleum products at the pumps are expected to decline beginning today, June 16, 2025, following the government’s decision to suspend the proposed GH¢1.0 Energy Sector Levy.

The anticipated drop in prices is captured in the Pricing Outlook Report released by the Chamber of Oil Marketing Companies (COMAC). According to the report, this will mark the seventh consecutive reduction in fuel prices since February 16 this year.

The pricing forecast for the period June 16 to 30, 2025, indicates that a litre of petrol is expected to retail at GH¢11.77, representing a decline of between 1.1% and 2.25% compared to pump prices recorded on June 1, 2025.

Diesel prices are also projected to witness a sharp decline, with a litre expected to sell at GH¢12.13, translating to a 4.3% drop, one of the most significant decreases in recent months.

In the case of Liquefied Petroleum Gas (LPG), COMAC estimates a 3.2% reduction, with a kilogramme set to sell at GH¢13.30 during the pricing window.

The Chamber attributed the drop in prices largely to the sustained appreciation of the Ghana cedi against the US dollar, which has helped cushion the domestic market from rising global crude oil prices. Brent crude is currently trading at US$75 per barrel, spurred by escalating tensions in the Middle East following a sudden conflict between Israel and Iran.

RelatedPosts

BoG to Begin $1.1bn FX Intermediation Under Domestic Gold Purchase Programme this October

Ghana Aims for Victory Against Central African Republic in Crucial World Cup Qualifier

Banks Write off GHS 893m in Bad Loans for First Half of 2025 

“Despite the upward pressure on international oil prices, the strong performance of the local currency has played a stabilising role in domestic pricing,” COMAC stated.

However, the Chamber has cautioned that if global crude prices continue to surge in the coming days, fuel prices could rise again from July 1, 2025.

Impact of Suspended Levy

COMAC’s modelling also revealed the significant impact the proposed GH¢1.0 Energy Sector Levy would have had on pump prices if it had been implemented.

Per the Chamber’s analysis, petrol prices would have shot up by 9.1% per litre, while diesel would have climbed by 8.25% per litre. LPG, which was excluded from the scope of the levy, would have still seen a slight decline of 2.29%.

The decision to postpone the levy, therefore, comes as a relief to consumers already burdened by high living costs and volatile global commodity prices.

The Ministry of Energy and Green Transition over the weekend confirmed the postponement of the implementation of the Energy Sector Levies (Amendment) Act, 2025 (Act 1141), which was initially scheduled to take effect on June 16.

Tags: Cedi appreciationDiesel and LPG PricesDiesel and LPG Prices to Decline Amid Cedi Appreciation and GHS 1 Levy SuspensionGHS 1 Levy Suspensionpetrol

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

Former Bank of Ghana Deputy Governor Wins Inaugural Women in Leadership Fellowship at Oxford

Banking Industry: Non-Performing Loans Edge Higher to GHS 20.7bn

‘The Gulf of Guinea is our Wall Street, IMF, and World Bank Combined’, Says Air Vice Marshal Hanson 

GJA President Underscores Vital Role of Journalists in Safeguarding Ghana’s Maritime Domain

Barrick Exits Ivory Coast With $305 Million Tongon Mine Sale

Sub-Saharan Africa’s Growth to Accelerate to 3.8% in 2025 Amid Inflation Easing – World Bank

Trending

Banking & Finance

BoG to Begin $1.1bn FX Intermediation Under Domestic Gold Purchase Programme this October

October 7, 2025

BoG to Begin $1.1bn FX Intermediation Under Domestic Gold Purchase Programme this October The Bank of Ghana...

Ghana Aims for Victory Against Central African Republic in Crucial World Cup Qualifier

October 7, 2025

Banks Write off GHS 893m in Bad Loans for First Half of 2025 

October 7, 2025

Former Bank of Ghana Deputy Governor Wins Inaugural Women in Leadership Fellowship at Oxford

October 7, 2025

Banking Industry: Non-Performing Loans Edge Higher to GHS 20.7bn

October 7, 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.