Fuel prices to go up today
By Praisebell Rosemond Larbi
Consumers should brace themselves for higher petroleum prices at the pumps from today, 1 September 2025, as the Chamber of Oil Marketing Companies (COMAC) projects significant upward adjustments across fuel products.
According to the chamber’s pricing outlook report, the price of petrol is expected to rise between 3.86 per cent and 5.40 per cent per litre, with pump prices climbing to about GHS13.67 per litre.
Diesel is also forecast to increase by 3.39 per cent per litre, bringing the retail price to roughly GHS14.35, while Liquefied Petroleum Gas (LPG) will see an increase of up to 4.57 per cent per kilogram.
Drivers of the Price Adjustment
The Chamber attributes the hike primarily to the depreciation of the cedi against the US dollar, which has been under pressure for the past month.
The exchange rate shifted from GHS10.71 to GHS11.20, representing a depreciation of 3.98 per cent, the sharpest fall since the start of 2025.
While international market prices for crude oil and refined petroleum products have recorded modest declines, with petrol down by 0.45 per cent, diesel by 3.73 per cent, and LPG by 1.73 per cent, the local currency’s weakness has wiped out those gains, leaving consumers to bear higher costs.
Industry analysts have also pointed to the government’s recent introduction of a GHS1 levy on certain petroleum products as a contributing factor, further pushing pump prices upward.
Supply Shortages Add Pressure
The COMAC report further highlighted shortfalls in the supply of finished petroleum products, particularly petrol, earlier this month.
The disruptions forced several Oil Marketing Companies (OMCs) to adjust their prices in mid-August, even though global market conditions suggested they could have maintained existing rates.
Consumer Impact and Industry Outlook
With the new increases set to take effect, transport operators and businesses dependent on petroleum products are likely to face higher operating costs, with potential ripple effects on inflation.
Energy watchers believe the outlook for September will hinge heavily on the central bank’s ability to stabilise the cedi, as well as improved supply flows from international suppliers.
For now, COMAC has urged consumers to prepare for higher pump prices despite the decline in international crude benchmarks, stressing that the domestic currency’s performance remains the decisive factor.
