The prices of petroleum products are expected to go down significantly at the pumps from today, following the postponement of the GH¢1.0 Energy Sector Levy.
This is based on the Pricing Outlook Report put together by the Chamber of Oil Marketing Companies.
According to the report, the drop in fuel prices will be the seventh since February 16, 2025.
The implementation of the levy would have pushed prices of petroleum products up.
Pricing Dynamics from June 16 2025
Based on the Pricing outlook from June 16 to 30, 2025, secured from the Oil Marketing Companies (OMCs), a litre of petrol is likely to be sold at GH¢11.77. This will represent a drop of between 1.1 per cent and 2.25 per cent from the price quotes on June 1, 2025.
Diesel would witness one of its biggest drops in recent times, going down by as much as 4.3 per cent. This could result in a litre being sold at the pumps at GH¢12.13.
Energy Sector Levy
The various scenarios put out by the Chamber of Oil Marketing Companies showed that if the government had not suspended the additional GH¢1.0 levy, fuel prices would have witnessed a significant increase at the pumps from today.
The data showed that petrol would have gone up by some 9.1 per cent per litre .
Diesel would have witnessed an 8.25 per cent jump per litre. LPG would have still decreased by 2.29 per cent because it wasn't part of the petroleum product to be affected.
