Biggest Pump Drop of 2025? OMCs Slash Prices as Cedi Flexes Muscle
A multitude of oil marketing companies commence the lowering of fuel prices at the pumps, a reflection of industry forecasts predicting a notable descent from November 1, 2025, following a fall in crude oil prices on the global stage and the cedi’s robust appreciation. In the realm of commerce, Star Oil has lowered the price of petrol from GH¢12.77 to a more modest GH¢11.59 per litre, whilst the cost of diesel has been diminished from GH¢12.97 to GH¢12.47. Meanwhile, Zen Petroleum has made its own adjustments, setting petrol at GH¢11.97 and diesel at GH¢12.17 per litre. COCM, has foretold that the prices of fuel may descend by as much as 8% per litre. This revelation cometh forth from a notable decline of 6.49% in the price of crude oil, now resting at $62.82 per barrel, and a commendable strengthening of the cedi, which hath risen from GH¢12.63 to GH¢11.21 per dollar in the month of October. Analysts do declare that the cedi’s resurgence owe its grace to the Bank of Ghana’s turn towards the sale of spot forex, which has enhanced both liquidity and the efficiency of the market. In sooth, it is anticipated that the price of petrol shall wane by near 5.21%, whilst diesel may descend by as much as 8.13%, and LPG by 6.66%. This heralds what might be the most pronounced fall in fuel prices come 2025, should all oil marketing companies heed this course.
