It is anticipated that the cost of petroleum products will decrease dramatically at the pumps.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The price of petroleum products is expected to drop significantly at the pumps from November 1, 2025.

This projection is contained in the latest outlook report by the Chamber of Oil Marketing Companies (COoMAC), which guides the pricing decisions of oil marketing companies in Ghana, as seen by JoyBusiness.

Petrol is expected to decline by up to 5.21% per litre, bringing the pump price down to about GH¢12.92 from the previous GH¢13.93 quoted by some oil marketing companies.

Diesel could also fall between 6.03% and 8.13%, resulting in a litre being sold at around GH¢13.10, down from GH¢14.56.

Liquefied Petroleum Gas (LPG) is projected to decrease by up to 6.66%, which will bring the price per kilogram to about GH¢13.60.

Source: newsthemegh.com