As of November 17, 2023, several Oil Marketing Companies (OMCs) have initiated a reduction in the prices of petroleum products at the pumps.

TotalEnergies Ghana is selling a litre of petrol for ₵12.80, down from ₵12.99, and diesel at ₵13.30 per litre, reduced from ₵13.70 on November 2, 2023.

PETROSOL is offering a litre of petrol at ₵11.99, down from ₵12.45, and diesel at ₵13.15 per litre, lowered from ₵13.40.

These price reductions are reportedly attributed to the decline in global crude oil prices. It is anticipated that more oil firms will review their prices later in the day.

However, it is noted that if the cedi had maintained a more stable position against the US Dollar, the reduction in prices might have been more substantial than the current adjustments recorded at the pumps.

The modifications were implemented on Thursday, November 16, 2023.