As of November 17, 2023, several Oil Marketing Companies (OMCs) have initiated a reduction in the prices of petroleum products at the pumps.

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TotalEnergies Ghana is selling a litre of petrol for ₵12.80, down from ₵12.99, and diesel at ₵13.30 per litre, reduced from ₵13.70 on November 2, 2023.

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PETROSOL is offering a litre of petrol at ₵11.99, down from ₵12.45, and diesel at ₵13.15 per litre, lowered from ₵13.40.

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These price reductions are reportedly attributed to the decline in global crude oil prices. It is anticipated that more oil firms will review their prices later in the day.

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However, it is noted that if the cedi had maintained a more stable position against the US Dollar, the reduction in prices might have been more substantial than the current adjustments recorded at the pumps.

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The modifications were implemented on Thursday, November 16, 2023.

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