A few Oil Showcasing Companies (OMCs) have started lessening the costs of petroleum items at the pumps once once more. This marks the moment drop in fuel costs inside the moment estimating window of June.
Competition in the Petroleum Items Advertise (Cost War)
Gets it that the most recent lessening is due to seriously competition among major OMCs, coming about in a cost war.
Market pioneer Star Oil, on June 19, 2025, reported a drop in the cost of petrol from GH¢10.99 per liter to GH¢10.80. Diesel, which already sold at GH¢12.77, has presently decreased to GH¢12.13 per litre.
Another key player, Partnered Oil, is too set to diminish its costs advance, compelling June 20, 2025. On June 16, the company sold petrol at GH¢10.97 per liter; the cost has presently dropped to GH¢10.75.
Zen Petroleum has moreover decreased its petrol cost to GH¢10.75 per litre.
However, a cautious investigation of the figures uncovers that the cost of diesel has expanded somewhat since June 16, 2025. The reason for this negligible rise remains vague for now.
The Cost Deregulation Approach, presented by the government in 2015, was planned to permit competition—alongside universal showcase trends—to drive costs down.
Outlook
Some OMCs have told us that fuel costs may go up from July 1, 2025, if the progressing war between Israel and Iran in the Center East does not conclusion soon.
Since the strife started, rough oil costs have surged from $66 per barrel to approximately $76 per barrel.
However, a few industry specialists contend that a proceeded appreciation of the Ghana cedi in the coming days may offer assistance counterbalanced the anticipated 5% or more increment in worldwide unrefined prices.
Fuel costs have dropped more than six times at the pumps this year, with industry information appearing that the cedi’s appreciation has played a noteworthy part in those diminishments.