The Chamber of Oil Marketing Companies (COMAC) has projected a slight increase in fuel prices for the second half of August 2025. Petrol prices are expected to rise between 0.39% and 2.71%, while LPG will see an increase of 0.15% to 2.34%. However, diesel prices are forecast to drop by 0.21% to 0.72% starting August 16.
The adjustments stem from global oil price fluctuations, a marginal depreciation of the cedi, and varying demand levels for each fuel type. COMAC noted that while diesel prices fell by 5.22% due to lower crude oil costs, petrol and LPG rose by 1.89% and 2.87%, respectively, on the international market.
Meanwhile, the cedi further weakened to GH¢10.80 against the US dollar by August 15, following a 0.87% depreciation in the first pricing window. This added slight upward pressure on import costs. Brent crude also dipped 0.23% to $70.26 per barrel, influenced by higher OPEC+ production and reduced speculative trading.
COMAC emphasized that the local pump price adjustments align with global trends, with only modest increases expected for petrol and LPG in the coming weeks.