Petroleum products in Ghana are expected to become more expensive from today, Tuesday, September 16, 2025, as Oil Marketing Companies (OMCs) adjust prices in response to a weakening local currency, according to the Chamber of Oil Marketing Companies (COMAC).
Under the latest projections, petrol could increase by 3.66% to 5.86%, reaching about GH₵14.17 per litre, while diesel may rise 2.12% to 4.32%, potentially retailing at GH₵14.67 per litre. LPG prices are also expected to climb 2.23% to 4.23%, bringing costs to around GH₵14 per kilogram.
COMAC attributed the hike primarily to the recent depreciation of the Ghana cedi against the US dollar. The local currency weakened from GH₵11.20 to GH₵12.07, a 7.76% drop, pushing its year-to-date loss to 14.02%, among the steepest globally. “The decline is primarily due to strong demand for the dollar for import ahead of the festive season,” COMAC explained.
On the international market, prices of petroleum products have fallen, with petrol down 2.52%, diesel down 4.12%, and LPG down 2.69%, but the cedi’s depreciation has offset these declines, forcing local price increases.
Continuing the trend of a weaker currency, as of September 15, the Bank of Ghana rate for the US dollar stands at GH₵12.14 for buying and GH₵12.16 for selling, while selected forex bureaus are quoting GH₵13.10 for buying and GH₵13.50 for selling.
The divergence between official and market rates reflects heightened demand for dollars ahead of the festive season.
The combination of rising fuel prices and a weaker cedi is expected to affect transport costs, goods pricing, and household budgets, placing additional pressure on consumers as the country heads into the festive season.
