Fuel prices up marginally for October
Fuel prices across the country have edged up slightly at the pumps for October 2025, in line with earlier projections by the Chamber of Oil Marketing Companies (COMAC).
The adjustment, though marginal, reflects rising global product costs and the persistent depreciation of the cedi.
Speaking to The New Finder, Head of Research at the Chamber of Petroleum Consumers (COPEC), Mr Eric Ofori explained that petrol prices have risen by up to 2.47 per cent, potentially reaching around GS14.52 per litre, while diesel prices have increased between 1.36 and 3.41 per cent, bringing pump prices closer to GHS15.17 per litre.
Similarly, Liquefied Petroleum Gas (LPG) recorded an upward adjustment of between 2.01 and 4.01 per cent, depending on the marketing company.
According to Mr Ofori, the latest price movements were primarily driven by two key factors: rising international product prices and continued local currency depreciation.
“The cedi depreciated from GHS12.07 to GHS12.40 per dollar during the period under review, representing a 2.74 per cent drop. This brings total third-quarter losses to about 15.09 per cent,” he noted.
Mr Ofori added that: “The combination of global price pressures and local currency weakness continues to impact the landed cost of petroleum products.”
Crude oil prices on the international market also ticked up slightly, increasing from USD67.39 to USD68.45 per barrel, with analysts projecting a rebound towards USD70 per barrel due to renewed geopolitical tensions and supply disruptions in key producing regions.
Market checks by The New Finder confirm that most major Oil Marketing Companies (OMCs) have implemented the projected increases.
At Shell, petrol has gone up from GHS12.89 to S13.44, diesel from GHS13.89 to GHS14.18, and premium fuel from GHS14.99 to GHS15.29.
TotalEnergies raised petrol from GHS12.88 to GHS13.34, with diesel remaining unchanged at GHS14.40.
Star Oil, currently one of the fastest-growing players, increased petrol from GHS12.77 to GHS13.17, while keeping diesel at GHS13.45.
Meanwhile, GOIL maintained its previous price levels from late September, with petrol at GHS13.38, diesel at GHS14.20, and premium fuel at GHS15.25.
The mixed pricing trend suggests that while most OMCs are aligning with global cost pressures, others are absorbing part of the increase to sustain customer loyalty amid growing competition.
