Fuel Prices to Rise from September 1 Despite Falling Global Crude Costs

The price of petroleum products in Ghana is expected to go up significantly from Monday, September 1, 2025, according to the Chamber of Oil Marketing Companies (COMAC). A pricing outlook report sighted by Joy Business shows increases across petrol, diesel, and LPG.

Petrol could rise between 3.86% and 5.40% per litre, pushing the pump price to around GH₵13.67. Diesel is also projected to go up by 3.39%, which may translate to GH₵14.35 per litre. Liquefied Petroleum Gas (LPG) is expected to see a jump of up to 4.57% per kilogram.

The chamber attributes the hike largely to the depreciation of the cedi against the US dollar over the past month. The local currency slipped from GH₵10.71 to GH₵11.20 per dollar—a 3.98% fall, described as the steepest since the beginning of 2025.

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Interestingly, COMAC noted that prices of crude oil products on the international market have been trending downward—petrol by 0.45%, diesel by 3.73%, and LPG by 1.73%. However, these reductions have been outweighed by the weakening cedi and persistent supply challenges.

Some industry players also point to the recently introduced GH₵1 levy on petroleum products as a factor deepening the impact on pump prices.

The chamber explained that shortages in petrol supply earlier this month forced several oil marketing companies to adjust prices mid-August, instead of holding them steady as expected.

With the new pricing window set to open, consumers will brace for further increases despite falling global benchmarks.

 

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