Fuel prices at pumps across Ghana are expected to increase from Monday, September 1, 2025, according to a pricing outlook released by the Chamber of Oil Marketing Companies (COMAC). The hikes come despite falling international crude oil prices, with the sharp depreciation of the cedi identified as the main trigger.
The report forecasts that the price of petrol will rise between 3.86% and 5.40%, pushing the average pump price to about GH¢13.67 per litre. Diesel is also projected to climb by 3.39%, likely reaching GH¢14.35 per litre, while Liquefied Petroleum Gas (LPG) could go up by as much as 4.57% per kilogram.
COMAC explained that the local currency slipped from GH¢10.71 to GH¢11.20 against the US dollar during the last pricing window, a 3.98% drop the steepest fall recorded in 2025. This depreciation erased the benefits of lower global oil prices.
Data from S&P Global Platts shows that during the same period, petrol prices fell by 0.45%, diesel by 3.73%, and LPG by 1.73% internationally. However, the weakening cedi neutralized these global declines.
The Bank of Ghana’s August 2025 economic update confirmed persistent pressure on the currency, driven by high demand for foreign exchange to fund imports and limited inflows from key export commodities.
COMAC also cited supply constraints as an additional factor, noting a shortfall in finished petroleum products, particularly petrol, over the past two weeks of August.
Earlier, the Bulk Oil Storage and Transportation Company (BOST) had warned of potential disruptions in product supply due to challenges with imports and financing.
With the expected adjustments, Oil Marketing Companies (OMCs) are set to update their pump prices from midnight on Sunday. Consumers should therefore brace for another round of increases in transportation and household energy costs.
The development raises concerns over inflationary pressures, as fuel remains a key driver of the cost of goods and services in Ghana.
Analysts warn that unless the cedi stabilizes and supply challenges ease, fuel price volatility will continue to weigh heavily on businesses and households.