This comes after certain significant Oil Marketing Companies (OMCs) started lowering rates at different pumps.

According to checks made by GhanaWeb Business with a few OMCs, GOIL has decreased the cost of its petroleum products by roughly 8%.

For instance, gasoline is now available at GH12.40 a liter, a decrease of about GH1. On the other side, diesel is now selling at GH14.60 per litre, a decrease of GH1.50 pesewas.

While this is going on, TotalEnegies, another OMC, has also changed its prices to reflect a decrease in the cost of petroleum products starting on January 2, 2023.