In response to recent industry forecasts, several Oil Marketing Companies (OMCs) in Ghana have started lowering fuel prices. Vivo Energy, operating under the Shell brand, has initiated cuts by reducing petrol from GH¢12.69 to GH¢12.50 per litre, while diesel prices have dropped from GH¢13.22 to GH¢12.99 per litre.
Similarly, PETROSOL has adjusted its rates, bringing both petrol and diesel to a uniform price of GH¢12.48 per litre. These early movers are expected to be followed by other market players before the week concludes, with further potential reviews anticipated during the January 1, 2026, pricing window if current market conditions persist.
The Chamber of Oil Marketing Companies’ outlook report suggests that consumers could see overall price declines of up to 4 percent per litre during the second half of December. Specifically, petrol is projected to fall by as much as 3.89 percent, targeting a pump price of roughly GH¢12.90.
Diesel may see even more significant relief with a potential 4.59 percent reduction, bringing it to approximately GH¢13.20 per litre. Additionally, LPG prices are expected to ease by about 2.16 percent, settling at approximately GH¢14 per kilogram.
These downward adjustments are primarily driven by an oversupply of finished petroleum products on the international market, which has offset a slight rise in crude oil costs. Global petrol prices have fallen by 6.5 percent, and diesel has seen a substantial drop of 11.67 percent.
While the Ghana cedi experienced a minor depreciation – moving from GH¢11.14 to GH¢11.43 against the US dollar – the sheer scale of the international price drops, combined with seasonal festive demand dynamics, has provided enough margin for local OMCs to offer relief to Ghanaian consumers.
