The Chamber of Oil Marketing Companies (COMAC) is projecting higher pump prices for petroleum products in Ghana during the second pricing window of September 2025.
According to COMAC, petrol prices could rise between 3.66% and 5.85%, diesel between 2.23% and 4.32%, and LPG between 2.12% and 4.17%.
Drivers of the Projected Increase
Crude Oil Market Dynamics:
COMAC says despite a marginal dip in global crude oil prices, falling 0.41% from $67.67 to $67.39 per barrel, the market remains in a “tug-of-war between increasingly bearish fundamentals and heightened geopolitical risks.”
International Product Prices:
Contrary to crude oil trends, refined product prices rose across the board. Petrol increased by 2.52%, diesel by 4.12%, and LPG by 2.69% on the international market.
Cedi Performance:
Additionally the local currency continues to weigh heavily on pump prices. For the current pricing window (16th September 2025), the cedi weakened by 7.76%, sliding from GHS 11.20 to GHS 12.07 per dollar.
Bloomberg ranks the cedi among the steepest depreciating currencies globally this year, with a year-to-date loss of 14.02%. Analysts attribute the latest slide to strong demand for the dollar, particularly for imports ahead of the festive season.
Projected Ex-Pump Price Movements
• Petrol: +3.66% to +5.85%
• Diesel: +2.23% to +4.32%
• LPG: +2.12% to +4.17%
COMAC cautions that Ghana’s continued reliance on imported petroleum products leaves pump prices highly vulnerable to such international market shifts and currency volatility
