Ghana 10th in Africa for costliest fuel
By Praisebell Rosemond Larbi
Ghana ranks 10th in Africa for the highest fuel prices as of June 2025, a situation that remains paradoxical despite recent reductions at the pump and a strengthening cedi.
According to data from GlobalPetrolPrices.com, Ghana’s average price for a litre of fuel stands at USD1.399, placing it 60th globally. This persists even as the cedi has appreciated by 24 percent against major currencies since the start of the year, a development many expected would ease financial pressures at the pump.
The Central African Republic tops the list with a price of USD1.830 per litre, reflecting ongoing struggles related to conflict, policy weaknesses, and disrupted supply chains. Senegal is in second place with USD1.725 per litre, while Zimbabwe comes in third with USD1.540 per litre. The Ivory Coast, or Côte d’Ivoire, stands at fourth with USD1.490 per litre, and Burkina Faso rounds up the top five with USD1.481 per litre.
The subsequent slots are occupied by Cameroon (USD1.464), Malawi (USD1.460), Morocco (USD1.442), and Uganda (USD1.402), placing Ghana in 10th place with its price of USD1.399 per litre.
Compared to the previous ranking, Guinea and Sierra Leone fell off the list in June 2025, making way for Ghana and Uganda to move into the top 10.
Drop in Local Pump Prices
Meanwhile, fuel prices at the pump fell once again on June 16, 2025, reflecting ongoing policy measures and a strengthening cedi. Some service stations are quoting petrol at GHS10.99 per litre, down from previous prices, while diesel is currently selling at GHS12.45 per litre, down from GHS12.75.
The Chamber of Oil Marketing Companies (COMC) previously explained that the cedi’s continued appreciation against the US dollar was a major contributing factor to this price drop. This strengthening of the local currency reduces the cost of importation, adding a much-needed financial break for consumers.
Additionally, the Chamber revealed that the government’s decision to suspend the GHS1 levy on petroleum products played a significant role in dampening upward pressure on prices. This policy intervention, which removed additional taxes from the pricing structure, helped ease the financial burden on ordinary Ghanaians.
