Fuel prices at the pumps have dropped slightly for the third consecutive time, offering some relief to consumers.

The latest reduction took effect two days into the second pricing window for March.

Leading the adjustment, Total Energies has lowered the cost of petrol and diesel from GHS15.79 per liter in the first pricing window to GHS15.49 per liter in the second.

This marks the third successive decrease, extending a trend that began in late February.

Industry analysts link the reduction to declining crude oil prices on the global market and the relative steadiness of the Ghanaian cedi against the US dollar.

With this price drop, other oil marketing firms are likely to follow suit in the coming days.

The Chamber of Oil Marketing Companies (COMC) had earlier projected a possible decrease in fuel prices, citing falling crude oil prices as the main factor.

Data from the Chamber indicates that the price of crude oil has fallen by 4.16%, declining from $75.49 per barrel to $71.94 per barrel.

Analysts attribute this decline to rising trade tensions under US President Donald Trump’s administration, which have sparked concerns over global economic growth and energy demand.