Fuel consumers will see mixed price adjustments at the pumps beginning Thursday, August 1, 2025, as petrol prices are set to increase slightly, while diesel and Liquefied Petroleum Gas (LPG) prices are expected to decline.
This is according to the latest pricing outlook released by the Chamber of Oil Marketing Companies (COMAC), which serves as a benchmark for Oil Marketing Companies (OMCs) across the country.
Projected Pump Prices
Per the report, petrol is projected to rise by 0.47%, bringing the average price to GH¢2.80 per litre.
In contrast, diesel and LPG are expected to see reductions of up to 0.29% per litre, with LPG recording the steepest drop among the petroleum products reviewed.
Despite these projections, some OMCs have indicated to Joy Business that they may maintain current prices for selected products, depending on their internal pricing strategies.
Factors Behind the Price Changes
COMAC attributes the mixed pricing trends to relatively stable global crude oil prices and a steady Ghanaian cedi.
Crude oil prices dropped by approximately 0.28%, settling at US$70.62 per barrel over the period under review. International market data also showed a 0.43% rise in general petroleum product prices. However, diesel prices fell by 1.22%, and LPG recorded the most significant decrease at 1.80%.
These factors have combined to shape the current pricing outlook for the first pricing window of August.
