Consumers can expect some relief at the pumps starting June 16, 2025, as fuel prices are set to decline. This follows the government’s decision to postpone the implementation of the GH¢1 Energy Sector Levy, which was initially expected to push prices upward.

According to the latest Pricing Outlook by the Chamber of Oil Marketing Companies, the price of petrol is projected to fall to GH¢11.77 per litre. This represents a decrease of between 1.1% and 2.25% compared to the prices during the first pricing window of the month.

Diesel prices are also expected to drop significantly — by up to 4.3% — bringing the cost per litre to GH¢12.13. Meanwhile, Liquefied Petroleum Gas (LPG) is forecast to decline by 3.2%, with a kilogramme selling at GH¢13.30.

This marks the seventh consecutive reduction in fuel prices this year, offering continued relief for consumers and transport operators.

Earlier this year, the Chamber had warned that fuel prices could rise due to the planned introduction of the D-Levy. However, the ongoing conflict between Israel and Iran has led the government to delay the levy’s rollout, contributing to the downward price adjustment.

Another factor supporting the price drop is the recent strong performance of the Ghanaian cedi, which has helped cushion import costs for fuel.

Despite the temporary relief, there are growing concerns about the global oil market. Brent crude is currently trading at around US$75 per barrel, and if prices continue to rise amid international tensions, fuel costs could climb again in the next pricing window in July.