Ghanaians are set to experience mixed fuel price movements as petrol prices edge up slightly while diesel and Liquefied Petroleum Gas (LPG) prices are expected to decline.
The development follows the latest pricing outlook released by the Chamber of Oil Marketing Companies (COMAC), which highlights both global and local dynamics influencing pump prices.
According to the report, the average price of petrol is projected to increase by 0.47 percent to GH¢2.80 per litre. In contrast, diesel and LPG prices are forecast to drop by up to 0.29% per litre, offering minor relief to transport operators, logistics firms, and households that depend on these fuels.
The pricing shift comes at a time when consumers are already grappling with cost-of-living pressures, making fuel prices a critical factor in transport fares, food costs, and overall inflation.
Some Oil Marketing Companies (OMCs) have indicated that despite the general market trend, they may maintain current prices for specific products, depending on stock levels and internal pricing strategies.
COMAC attributed the diverging price movements to recent shifts on the global oil market and a relatively stable Ghanaian cedi. Crude oil prices on the international market dipped slightly by 0.28% to an average of US$70.62 per barrel.
However, refined petroleum product prices showed varied trends: petrol increased by 0.43 percent, diesel fell by 1.22% and LPG saw the sharpest decline at 1.80%.
The Chamber cautioned that while the cedi has held its ground against major trading currencies in recent weeks, Ghana remains exposed to external price shocks. “Global demand fluctuations, geopolitical tensions, and freight costs continue to impact refined fuel prices. Any volatility on these fronts could quickly reverse gains,” the report noted.
Government officials have also acknowledged the challenges and are monitoring developments closely.
While the marginal drop in diesel and LPG offers some temporary respite, the upward trend in petrol prices may affect urban transport operators and middle-income consumers the most, especially in the Greater Accra and Ashanti Regions where private car usage is high.
