By: Benjamin Nii Nai Anyetei
Fuel prices at the pumps are projected to go up again from September 1, 2025, despite declining prices of crude oil on the international market. This is according to the latest pricing outlook report issued by the Chamber of Oil Marketing Companies (COMAC).
The report indicates that the price of petrol is expected to rise by between 3.86 and 5.40 percent per litre, pushing the average price at the pumps to around GH¢13.67. Diesel is projected to go up by about 3.39 percent, with a litre likely to sell at GH¢14.35. Liquefied Petroleum Gas (LPG) may also record an increase of up to 4.57 percent per kilogram.
COMAC attributes the adjustments largely to the depreciation of the Ghana cedi against the US dollar. The currency weakened from GH¢10.71 to GH¢11.20 within the last pricing window, representing a 3.98 percent drop — the steepest fall since the beginning of 2025.
The Bank of Ghana’s Summary of Economic and Financial Data for August 2025 confirms the persistent pressure on the local currency, driven by strong demand for forex to finance imports and limited inflows from the country’s main export commodities.
Although international petroleum prices recorded declines during the same period, petrol fell by 0.45 percent, diesel by 3.73 percent, and LPG by 1.73 percent, according to data from S&P Global Platts, the cedi’s sharp depreciation wiped out these gains.
The Chamber also cited a shortfall in the supply of finished petroleum products, particularly petrol, in the last two weeks of August as another factor influencing the expected hikes. Ghana’s Bulk Oil Storage and Transportation Company (BOST) had earlier warned of disruptions in product supply due to challenges with imports and financing.
The new price adjustments are expected to take effect from Sunday midnight, with Oil Marketing Companies (OMCs) updating their pumps accordingly.
