By: Akua Oteng Amponsah
The Chamber of Petroleum Consumers (COPEC) has projected that fuel prices will remain relatively stable during the first pricing window of August 2025.
According to COPEC’s analysis, the mean pump retail price of petrol is expected to decrease by 0.98% to GHS 12.41 per liter, while diesel prices will remain almost unchanged, decreasing by 0.01% to GHS 14.12 per liter.
Projected Fuel Prices:
– Petrol: GHS 12.41 per liter, with prices ranging between GHS 11.78 and GHS 13.02 per liter
– Diesel: GHS 14.12 per liter, with prices ranging between GHS 13.42 and GHS 14.83 per liter
– Liquefied Petroleum Gas (LPG): GHS 11.34 per kilogram, with prices ranging between GHS 10.77 and GHS 11.90 per kilogram. A 14.5 kg LPG cylinder is expected to sell for around GHS 164.39
COPEC attributed the stability in fuel prices to the current international market prices and exchange rates. However, the chamber is requesting the government to reduce taxes on LPG and consider subsidizing its price to promote clean energy usage.
“COPEC maintains that the government must do all it can to reduce taxes on LPG or to subsidise the price of LPG to promote and encourage its nationwide accessibility and usage which will eventually help save the environment from further degradation by the use of firewood,” the statement read.
Additionally, COPEC urged the government to revive the Tema Oil Refinery to reduce reliance on imported finished petroleum products and to adopt a formula to vary total levies with changes in the Dollar:Cedi rate.
The chamber also appealed to Oil Marketing Companies (OMCs) not to unduly increase fuel prices with the introduction of the new e-levy against the interest of consumers in the next window.
