Fuel Prices Set to Rise Marginally at the Pumps From Today
The price of petroleum products is expected to increase marginally at the pumps from today, October 1, 2025, according to the latest outlook report by the Chamber of Oil Marketing Companies (COMAC).
Petrol prices are projected to go up by as much as 2.47% per litre, bringing the pump price to around GH¢14.52. Diesel is expected to rise between 1.36% and 3.41%, potentially retailing at GH¢15.17 per litre. Liquefied Petroleum Gas (LPG) may also record increases between 2.01% and 4.01%.
COMAC attributes the rise to higher international product prices and the seasonal depreciation of the Ghana cedi. The local currency weakened from GH¢12.07 to GH¢12.40 to the US dollar during the review period, representing a 2.74% depreciation. This brings total losses in the third quarter of 2025 to 15.09%, with no recorded gains.
The Chamber explained that the persistent depreciation of the cedi is largely due to limited forex supply and increased demand from year-end imports, which continue to exert pressure on Ghana’s import-dependent economy.
On the global market, crude oil prices increased marginally by 1.57%, moving from $67.39 to $68.45 per barrel. Brent crude is forecast to rebound close to $70 per barrel on the back of heightened geopolitical risks and renewed supply concerns.
Some major oil marketing companies, including GOIL, Shell, and Market Star Oil, adjusted their prices upwards on September 23, citing pressures from the weakening cedi. Industry sources say that OMCs were compelled to increase prices to manage operational costs.
It remains uncertain whether the major oil marketing firms will introduce another round of price adjustments this week.
