Petrol, LPG prices to rise as diesel falls

Consumers should brace for mixed movements in fuel prices across Ghana from 16 August 2025.

According to projections from the Chamber of Oil Marketing Companies (COMAC), petrol and Liquefied Petroleum Gas (LPG) are expected to see marginal increases, while diesel prices are set to drop.

The pricing outlook, which guides Oil Marketing Companies (OMCs) nationwide, shows petrol prices at the pump could rise between 0.39 and 2.71 percent per litre. LPG is also projected to increase by up to 2.34 percent per kilogram.

 In contrast, diesel will see a slight reduction of 0.72 percent per litre, offering some relief to transport operators and logistics firms.

COMAC attributes the mixed pricing trends to a combination of global market shifts and domestic currency performance.

The Ghana cedi has experienced a mild depreciation against the US dollar, moving from GHS10.68 to GHS10.77, a 0.8 percent decline.

This weakening of the local currency has contributed to the upward pressure on petrol and LPG prices.

Internationally, crude oil prices have shown varied movements. Diesel dropped sharply by 5.22 percent, while petrol and LPG recorded modest gains of 1.89 and 2.87 percent respectively.

These fluctuations are believed to stem from product-specific demand and supply dynamics in global markets.

Industry insiders have also pointed to the recent one cedi levy on selected petroleum products as a factor influencing the expected price adjustments. While the levy’s impact has been felt, it has not triggered sharp increases, suggesting that the market is absorbing the change gradually.

Despite the current shifts, COMAC has indicated that prices are likely to remain relatively stable in the next pricing window, which begins in September 2025.

This projection offers a measure of predictability for businesses and households planning fuel budgets.