Dr Riverson Oppong is the CEO of the Association of Oil Marketing Companies
As the first pricing window of June 2025 approaches, both commuters and drivers in Ghana can anticipate some welcome relief at the pumps, with petrol prices projected to drop significantly, potentially selling at GH¢12 per litre.
This is according to the Chief Executive Officer of the Association of Oil Marketing Companies (AOMCs), Dr Riverson Oppong.
In an interview on PM Express on Monday, May 26, 2025, as monitored by GhanaWeb Business, Dr Oppong attributed the expected decline in fuel prices to the continued appreciation of the Ghanaian cedi against the US dollar.
He indicated that if the cedi maintains its strength, consumers may enjoy further relief in the coming days.
“Believe me, in the next window, we are even foreseeing petrol selling for GH¢12. The forecast will be by Thursday if the cedi continues with its stability,” he said.
Dr Oppong further emphasised that the strengthening of the cedi is playing a major role in reducing fuel prices, particularly in the conversion of international petroleum prices from dollars to cedis.
“As far as the cedi is also a very big factor in the forex calculation, that’s converting from USD to cedi, we also have that affecting the pump price,” he noted.
While the expected drop in prices would bring much-needed relief to consumers, Dr Oppong noted that it could also pose a challenge to government revenue generation in the upstream petroleum sector.
SP/MA
Watch the latest edition of BizTech below:
Click here to follow the GhanaWeb Business WhatsApp channel