Ghanaians are bracing for a mix of changes at the fuel pumps. According to the Chamber of Oil Marketing Companies (COMAC), petrol and liquefied petroleum gas (LPG) are expected to climb slightly, while diesel will see a modest decrease.
COMAC’s projections indicate that petrol prices at the pump may rise between 0.39% and 2.71%. LPG, too, is set to increase by 0.15% to 2.34%. In contrast, diesel is forecast to drop marginally by 0.21% to 0.72% starting August 16.
What’s behind these shifts? COMAC explains that global petroleum product price trends are mixed, and Ghana’s cedi has experienced a slight depreciation against the US dollar. Each product’s supply and demand dynamics are also playing a role.
In a recent statement, COMAC elaborated: “Following the slight dip in crude prices, diesel fell sharply by 5.22%, while petrol and LPG rose marginally by 1.89% and 2.87%, likely due to product-specific demand and supply factors.
“For the 1st August 2025 pricing window, based on average exchange rates from July 27th to August 12th, the Ghanaian cedi experienced a slight depreciation against the US dollar. The rate shifted from GHS 10.68 to GHS 10.77, reflecting a 0.87% decline.”
During the review period, Brent crude slipped 0.23% to $70.26 a barrel, as higher output from OPEC+ and non-OPEC producers, softer market sentiment, and reduced speculative positions weighed on prices. This environment led to a sharper global drop in diesel prices by 5.22%, while petrol and LPG rose by 1.89% and 2.87% respectively.
The weakening cedi, sliding 0.87% from GHS 10.68 to GHS 10.77 per dollar, also nudged import costs higher.
Overall, COMAC says the projected adjustments at the pump reflect current global market trends, with minimal increases expected for petrol and LPG in the upcoming pricing window.
Source: Apexnewsgh.com
