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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 anticipated adjustment is driven primarily by two key factors: rising global petroleum product prices and the continued depreciation of the Ghanaian cedi.
According to the COMC, petrol prices are projected to increase by up to 2.47%, potentially bringing pump prices to around GHS 14.52 per litre. Diesel could see an increase ranging from 1.36% to 3.41%, with estimated prices hovering around GHS 15.17 per litre. Liquefied Petroleum Gas (LPG) is also expected to rise by between 2.01% and 4.01%.
The report indicated that during the review period, the Ghana cedi depreciated by 2.74%, falling from GHS 12.07 to GHS 12.40 to the US dollar. This brings the total depreciation for Q3 2025 to 15.09%, attributed to limited foreign exchange availability and increased demand for imports towards the end of the year.
On the international front, crude oil prices rose by 1.57%, from $67.39 to $68.45 per barrel. The COMC expects Brent crude to approach $70 per barrel, citing renewed supply concerns and rising geopolitical tensions.
Some major Oil Marketing Companies (OMCs), including GOIL, Shell, and Market Star Oil, have already implemented price hikes since September 23, in response to earlier currency pressures. However, it remains unclear whether they will introduce a second round of increases from October 1.
The Chamber has advised consumers to prepare for moderate price changes, as global and local market dynamics continue to influence pump prices in the short term.
