Fuel Prices to Rise From Monday Despite Fall in Global Oil Prices
The prices of petroleum products at the pumps are set to increase from Monday, September 1, 2025, by margins of between 3% and 5% per litre, according to the Chamber of Oil Marketing Companies’ (COMAC) pricing outlook report.
The report indicates that petrol will rise between 3.86% and 5.40% per litre, pushing the average pump price to about GH₵13.67. Diesel is projected to increase by 3.39% per litre, reaching approximately GH₵14.35, while Liquefied Petroleum Gas (LPG) is expected to climb by up to 4.57% per kilogram.
Cedi depreciation drives upward adjustment
COMAC attributed the upward adjustment primarily to the depreciation of the Ghana cedi against the US dollar. The currency weakened from GH₵10.71 to GH₵11.20 over the past month, representing a 3.98% depreciation—the sharpest since the start of the year.
The chamber noted that despite declines in international petroleum prices—petrol by 0.45%, diesel by 3.73%, and LPG by 1.73%—the impact of the cedi’s depreciation outweighed these global price movements.
Supply shortfalls and levies add pressure
Industry players also pointed to supply challenges earlier this month, particularly with petrol, which forced some oil marketing companies to increase prices mid-cycle in August.
Additionally, the recent imposition of a GH₵1 levy on selected petroleum products has been cited as a contributing factor to the projected hike in prices at the pumps.
According to the chamber, the situation underscores the dual pressures of currency depreciation and supply constraints on the local petroleum market, despite relatively stable international prices.
