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For the first time this year, fuel prices in Ghana have seen a reduction as some Oil Marketing Companies (OMCs) adjust their rates downward following the commencement of the second pricing window in February.
Total Energies has led the price cuts, lowering the cost of petrol and diesel to GH¢15.99 per litre from the previous GH¢16.15. Notably, Total had maintained its price at GH¢16.15 while other OMCs raised theirs earlier in February.
Shell has also adjusted its prices, reducing diesel from GH¢16.09 to GH¢15.99 per litre, while petrol has dropped from GH¢16.23 to GH¢15.89 per litre.
This marks the first fuel price decline in 2025 after three consecutive increases since January. Industry analysts attribute the reduction to falling crude oil prices on the international market and other local market dynamics.
