Fuel Prices to Rise Today as Cedi Depreciation Offsets Global Price Declines
Prices of petroleum products are expected to see significant increases at the pumps from today, September 16, 2025, according to the latest outlook report by the Chamber of Oil Marketing Companies (COMAC).
COMAC projects that petrol prices will rise by between 3.66% and 5.86%, pushing average pump prices to about GHS 14.17 per litre. Diesel prices are expected to climb between 2.12% and 4.32% to retail at around GHS 14.67 per litre. Liquefied Petroleum Gas (LPG) is also projected to increase by 2.23% to 4.23%, potentially selling at GHS 14 per kilogram.
The anticipated hikes are primarily attributed to the depreciation of the Ghana cedi against the US dollar. The cedi weakened from GHS 11.20 to GHS 12.07 during the review period, representing a 7.76% decline. Year-to-date, the local currency has lost 14.02% of its value, ranking among the steepest depreciations globally, according to Bloomberg data.
“The decline is primarily due to strong demand for the dollar for import ahead of the festive season,” COMAC stated.
On the international market, prices of finished petroleum products have been on a downward trend. Petrol fell by 2.52%, diesel by 4.12%, and LPG by 2.69% during the review period. However, COMAC noted that the impact of the cedi’s depreciation has offset these global declines, making domestic price increases unavoidable.
