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Story by Doris Sarpong
Consumers should anticipate a marginal increase in the prices of petroleum products at the pumps starting Wednesday, October 1, 2025, according to an industry outlook.
The projected adjustments are based on the latest pricing review from the Chamber of Oil Marketing Companies (COMC), which guides its member companies. The report cites rising international product prices and the depreciation of the Ghana cedi as the primary drivers of the expected hike.
Specific projections indicate that petrol prices could rise by up to 2.47%, potentially setting the pump price around GHS 14.52 per litre. The price of diesel may see an increase between 1.36% and 3.41%, which could see it sell for approximately GHS 15.17 per litre. The cost of Liquefied Petroleum Gas (LPG) is also forecast to increase by 2.01% to 4.01%.
The COMC report highlighted that the local currency depreciated by 2.74% during the period under review, moving from GHS 12.07 to GHS 12.40 to the US dollar. This brings the total depreciation for the third quarter of 2025 to 15.09%. The Chamber attributed the cedi’s weakness to limited foreign exchange supply and mounting pressure from rising year-end imports in Ghana’s import-dependent economy.
On the global market, the report noted that crude oil prices increased by 1.57%, from $67.39 to $68.45 per barrel. It further forecasted that Brent crude could rebound close to $70 per barrel, driven by heightened geopolitical tensions and renewed supply concerns.
Some major Oil Marketing Companies (OMCs), including GOIL, Shell, and Market Star Oil, have already adjusted their prices upward since September 23, 2025. Some operators have indicated that these earlier adjustments were a direct response to the recent pressure on the local currency.
It remains uncertain whether these same companies will proceed with a second price increase from the first of October.
