Audio By Carbonatix
Some Oil Marketing Companies (OMCs) have cut prices of petroleum products at the pumps, beginning today, January 1, 2024.
This is the second consecutive time fuel prices are going down.
One of the major players, Star Oil, took the lead by selling a liter of petrol at ¢11.24 from the previous price of ¢12.69 per litre.
Similarly, it is also selling a litre of diesel for ¢11.24 from the earlier ¢11.69.
The other major OMCs are also expected to adjust their prices downwards in the coming hours.
However, market watchers will be prioritising the margin of reduction in the prices of petroleum products.
Some of the OMCs had earlier told Joy Business that the reduction had been influenced by the cedi’s stability in the last two weeks and the continued reduction in prices of finished petroleum products on the international market.
Latest Stories
-
I have supported highway authority financially to fix roads in my constituency – A Plus
43 minutes -
US, Iran fail to reach peace agreement after marathon talks in Pakistan
1 hour -
ECG kicks off Phase Two of transformer upgrades at Lashibi; brief outages expected
2 hours -
Port crises loom as 11,000 drivers threaten four-day strike
2 hours -
A source of excellence across generations – Vice President Opoku-Agyemang lauds Mfantsipim
3 hours -
(Photos) Mfantsipim School launches historic 150th anniversary
4 hours -
Knights and Ladies of Marshall group backs Catholic Bishops’ stance on anti-LGBTQ+
5 hours -
Bright Simons writes: All the Filla in the Ibrahim Mahama/E&P – Gold Fields Saga
5 hours -
Monetise Idiocy In Ghana
5 hours -
The Ghanaian prophet and the mysterious death of his scottish wife Charmain Speirs
6 hours -
Nearly 400 sentenced in Nigeria for links to militant Islamists
6 hours -
Ghana’s recovery supported by gold strength despite global oil price pressures – Standard Bank Research
6 hours -
Methodist Church hails Mfantsipim@150; calls for “fresh consecration” to excellence
7 hours -
‘Excellence is our inheritance’ – Nana Sam Brew-Butler hails Mfantsipim’s 150-year reign in leadership
7 hours -
Kwaku Azar writes: A-G vs OSP
7 hours