• 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

Shell’s Fuel Prices Hit Two-Year Low 

2 months ago
in Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
41
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Shell’s Fuel Prices Hit Two-Year Low 

Fuel prices at Shell outlets have dropped to their lowest levels in over two years, with petrol now retailing at GH¢11.98 per litre and diesel at GH¢12.85, according to data from CediRates.

The significant drop in prices comes on the back of two key developments: the sustained appreciation of the Cedi against the US dollar, and the government’s indefinite suspension of the proposed GH¢1 levy per litre on fuel, which was to be introduced under the Energy Sector Levies (Amendment) Act, 2025 (Act 1141).

The Chamber of Oil Marketing Companies (COMAC) says this marks the seventh consecutive reduction in fuel prices since February 16 this year, driven largely by forex gains that have cushioned the domestic market against global price shocks.

“The appreciation of the local currency continues to offer relief at the pumps, helping absorb the impact of rising international crude prices,” noted COMAC in its latest pricing outlook.

For the June 16–30, 2025 pricing window, COMAC forecasts a further decline in pump prices. Petrol is expected to sell at GH¢11.77 per litre, representing a drop of between 1.1% and 2.25% compared to prices recorded on June 1, 2025. Diesel prices are also projected to fall sharply to GH¢12.13 per litre, marking a 4.3% reduction—the most significant decline in recent months.

Prices for Liquefied Petroleum Gas (LPG) are also set to decline. A kilogramme of LPG is expected to retail at GH¢13.30, a 3.2% decrease.

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 sustained appreciation of the Cedi has been instrumental in keeping fuel prices stable, despite volatility in global oil markets. Brent crude is currently trading at US$75 per barrel, buoyed by geopolitical tensions in the Middle East, particularly a renewed conflict between Israel and Iran.

Market analysts believe that continued cedi stability, combined with prudent policy decisions on levies and taxes, will be critical in maintaining low fuel prices in the coming months.

Tags: fuel pricesShellShell’s Fuel Prices Hit Two-Year Low

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.