Price of Petroleum products to witness significant reduction at pumps from March 16

From March 16, 2025, petroleum prices in Ghana are expected to drop for the third consecutive time since February.

Petrol is projected to sell at GH₵14.90 per liter (4.5% drop), diesel at GH₵15.90 per liter (3.8% drop), and LPG at GH₵17.35 per kg (3.9% drop) based on cash purchases by Oil Marketing Companies (OMCs). Credit purchases will see slightly higher prices.

The reduction is attributed to a 4.16% drop in crude oil prices and a stronger cedi, despite marginal depreciation. This could lead to discussions on lower transport fares and potentially reduce food inflation, which was 23.1% in February. If sustained, this trend may ease inflationary pressures.