Petrol Price Records Marginal Increase at Pumps as Diesel, LPG Decline
The price of petrol is expected to record a marginal increase at the pumps beginning Friday, August 1, 2025, while prices of diesel and Liquefied Petroleum Gas (LPG) are projected to decline, according to the latest outlook report by the Chamber of Oil Marketing Companies (COMAC).
Per the report, the average price of petrol is expected to inch up by 0.47% to GH¢12.80 per litre in the first pricing window of August. Conversely, diesel and LPG prices are forecast to drop by as much as 0.29% per litre.
Some Oil Marketing Companies (OMCs), however, have indicated that they may opt to maintain existing pump prices for certain products despite the projected adjustments.
The mixed price outlook, COMAC notes, is due to relative stability in both international crude prices and the performance of the Ghana cedi during the period under review.
The report further highlighted that crude oil prices on the international market declined slightly by 0.28% to an average of US$70.62 per barrel.
While the average global price of petroleum products rose marginally by 0.43%, diesel recorded a 1.22% drop, with LPG registering the sharpest decline of 1.80%.
OMCs are expected to begin implementing the new prices from today, subject to their individual pricing strategies and market dynamics.
The next pricing window review is scheduled for mid-August.
