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Fuel Prices Drop 5-9% in Ghana Amid Global Decline

6/3/2025

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Summary

Story summary

Fuel prices in Ghana will decrease by 5% to 9% in June, with petrol costing GHS 12.00 to GHS 12.60 per litre.
This reduction results from the cedi's appreciation against the US dollar and declining global oil prices.
ASEC cautions that lower oil prices could diminish government revenue, affecting budget allocations.
Global crude prices are expected to stabilize between $62 and $65 per barrel.
The price drop may alleviate inflation and transportation costs, positively impacting households and businesses.

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Story summary

Fuel prices in Ghana will decrease by 5% to 9% in June, with petrol costing GHS 12.00 to GHS 12.60 per litre.
This reduction results from the cedi's appreciation against the US dollar and declining global oil prices.
ASEC cautions that lower oil prices could diminish government revenue, affecting budget allocations.
Global crude prices are expected to stabilize between $62 and $65 per barrel.
The price drop may alleviate inflation and transportation costs, positively impacting households and businesses.