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Petrol and LPG Prices Poised to Rise in Ghana from August 16; Diesel to Decline — COMAC Outlook

Ghana is set for another mixed shift in fuel prices: petrol and Liquefied Petroleum Gas (LPG) prices are expected to edge upward from 16 August 2025, while diesel will become marginally cheaper. This projection comes from the latest pricing outlook by the Chamber of Oil Marketing Companies (COMAC) guiding Oil Marketing Companies (OMCs).

Details of the Price Changes

  • Petrol prices are projected to increase by 0.39% to 2.71% per litre.
  • LPG prices are expected to increase by up to 2.34% per kilogram.
  • Diesel prices will decrease slightly by 0.72% per litre.  

Key Drivers Behind the Shift

COMAC points to several factors influencing these mixed trends:

  1. Cedi Depreciation: The Ghanaian cedi weakened slightly against the U.S. dollar—from GHS 10.68 to GHS 10.77—a shift of approximately 0.8%, contributing to projected price increases.  
  2. Global Market Movements:
    • Diesel prices fell sharply by 5.22% on the international market.
    • Petrol and LPG, by contrast, saw minor increases of 1.89% and 2.87%, respectively, reflecting product-specific supply and demand dynamics.  

Previous Pricing Trends for Context

Just two weeks earlier, in the pricing window starting 1 August, Ghana saw slightly different price dynamics:

  • Petrol had increased modestly by 0.47% to GHS 2.80 per litre.
  • Diesel and LPG had both declined, by up to 0.29% per litre.  

Potential Impact and Outlook

  • The current outlook suggests that diesel consumers, including transport operators and logistics businesses, may enjoy a minor reprieve, albeit temporary.
  • Petrol and LPG consumers, particularly private motorists and households, should prepare for slight price hikes that could nudge up transportation and cooking costs.
  • COMAC has indicated that prices are expected to remain fairly stable into the next pricing window (starting September 2025), assuming markets remain calm.  

Conclusion

Starting 16 August 2025, Ghanaian motorists and households will likely see marginal increases at the pumps: petrol and LPG climb modestly while diesel becomes a bit more affordable. These adjustments stem from a mix of exchange rate fluctuations and international market trends. Observers will be watching whether this pricing stability holds through September or whether further shifts are forthcoming.

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