Consumers can expect lower fuel prices at the pumps starting Monday, June 16, 2025, following the government’s decision to postpone the implementation of the GH¢1 Energy Sector Levy.
Consumers can expect lower fuel prices at the pumps starting Monday, June 16, 2025, following the government’s decision to postpone the implementation of the GH¢1 Energy Sector Levy. The Chamber of Oil Marketing Companies (COMAC) has confirmed that petrol, diesel, and liquefied petroleum gas (LPG) will see price reductions across the country.
According to COMAC’s Pricing Outlook Report, petrol prices are expected to drop by up to 2.2%, bringing the cost per litre to GH¢11.77. Diesel will experience a significant decline of 4.3%, with prices settling at GH¢12.13 per litre. Meanwhile, LPG prices will fall by 3.2%, reducing the cost per kilogram to GH¢13.30(1).
The price reduction marks the seventh consecutive drop since February 2025, largely attributed to the cedi’s continued appreciation against the US dollar. Despite rising global oil prices—currently hovering around US$75 per barrel—the government’s decision to delay the levy has helped stabilize local fuel costs(1).
However, COMAC has warned that if crude oil prices continue to rise, consumers should brace for potential price increases in July. The recent surge in global oil prices follows heightened geopolitical tensions, including Israel’s military strikes on Iran’s nuclear facilities, which have disrupted international markets(1).
The government’s decision to suspend the GH¢1 levy has been welcomed by industry players and consumers alike, as it prevents an immediate spike in fuel costs. Had the levy been implemented, petrol prices would have jumped by 9.1% per litre, while diesel would have increased by 8.25% per litre(1).
Authorities are closely monitoring global oil trends and exchange rate fluctuations to determine future pricing adjustments. For now, motorists and households can enjoy temporary relief at the pumps.
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