Some Oil Marketing Companies (OMCs) have begun revising fuel prices in line with industry projections for September, reflecting a dynamic market shaped by exchange rate pressures and supply challenges.
At Goil, petrol is now selling at GH¢12.90 per litre, a slight increase from GH¢12.88, while diesel has dropped to GH¢13.90 from GH¢14.30. Shell, however, has raised its petrol price more sharply, with a new rate of GH¢13.59 per litre, up from the previous GH¢12.89.
In contrast, market leader Star Oil is holding its current prices steady until September 15, 2025, with petrol at GH¢12.77 per litre and diesel at GH¢13.35.
The Chamber of Oil Marketing Companies (COMC) had earlier projected price hikes for petroleum products from September 1, largely due to the Ghana cedi’s recent slide against the US dollar. Petrol was expected to rise by between 3.86% and 5.40% per litre, with a possible ceiling of GH¢13.67. Diesel was forecast to climb by 3.39% to about GH¢14.35 per litre, and LPG by 4.57% per kilogram.
The Ghana cedi’s depreciation—from GH¢10.71 to GH¢11.20 in just one month, a 3.98% drop—was identified as the sharpest so far this year and the main factor behind the upward price adjustments. This has come despite a drop in international market prices for petroleum products, with petrol falling by 0.45%, diesel by 3.73%, and LPG by 1.73%.
Industry stakeholders have also noted the impact of a recent one-cedi levy on petroleum products and ongoing supply shortfalls, particularly for petrol, which have added to pricing pressures.
As the market continues to respond to these complex factors, consumers are watching closely to see how prices will evolve in the coming weeks.
Source: Apexnewsgh.com
