This is based on the outlook report that guides the pricing of the Oil Marketing Companies (OMCs) in the country by the Chamber of Oil Marketing Companies (COMAC), as seen by JOY BUSINESS.

Projected Prices at Pumps

Based on the report, the price of petrol at the pumps is projected to increase by 3.86 – 5.40% per litre from September 1, 2025. The development could result in a litre of petrol going for GHS 13.67.

LPG will be increased by up to 4.57% per kilogram.

Diesel, on the other hand, could be up by 3.39% per litre, and this may result in a litre going for GHC14.35.

Reasons

According to the COMAC, the hike has been influenced by the cedi experiencing some substantial depreciation against the US dollar over the past month.

According to the chamber, the rate shifted from GHS 10.71 to GHS 11.20, reflecting 3.98 per cent, the “highest since the start of this year”.

The Chamber of Oil Marketing Companies, however, in the report revealed that crude oil on the international market has been dropping; the price of petrol was down by 0.45%, diesel by 3.73%, and LPG by 1.73%.

Some of the industry players have argued that the recent 1 cedi levy on some petroleum products may have also contributed to the margin of increase.

Cedi’s Depreciation and Supply Challenges

The Chamber in the report argued that despite the reduction in international petroleum prices, the increment was “due to depreciation of the cedi against the dollar.”

Additionally, the recurring shortfall in supply of finished petroleum products, particularly petrol from earlier this month, also accounted for the increase in prices.

JOY BUSINESS reported last week that the market had been hit with some supply challenges, especially when it comes to petrol.

That actually forced some of the oil marketing companies to increase their prices from the middle of August 2025, when prices should have been kept unchanged.

These companies were responsible for collecting the BOST margin from petroleum product sales and remitting it to the National Petroleum Authority (NPA), which would then transfer the funds to BEST.

However, instead of fulfilling this duty, they collected the levies and margins but failed to remit nearly GH₵60 million, effectively vanishing with the funds.

Among the defaulters are Best Petroleum Limited, which owes GH₵114,480; Black Rock Energy Limited, owing GH₵802,444; Bisvel Petroleum Services, with a debt of GH₵293,040; Capstone, which owes GH₵1,565,661; and Cigo Energy Limited, which owes GH₵1,235,740. Champion Oil Co. owes GH₵838,165; Deep Petroleum Limited, GH₵100,720; Deliman, GH₵225,610; Galaxy Energy, GH₵196,830; and Gulf Energy, a staggering GH₵10,190,045. G&G owes GH₵856,166; Golden Petr. Limited, GH₵246,375; and Hossana Oil, GH₵286,265.

Additional companies include Humano, owing GH₵901,137; Havilah Oil Ghana Ltd, GH₵523,950; Jas Petroleum Limited, GH₵2,356,290; Karela Oil and Gas Limited, GH₵2,660,583; Kros Energy Limited, GH₵525,908; L. Link Petroleum Co. Limited, GH₵40,225; Life Petroleum Company Ltd, GH₵33,150; and Lilygold Energy Res. Ltd, GH₵761,995. Mba Global Petroleum Limited owes GH₵220,725; Moari Oil Company Limited, GH₵968,895; and Naddif Company Limited, GH₵1,528,409.

The remaining defaulters include Nujenix Company Limited, which owes GH₵163,460; Nuru Oil Company Limited, GH₵175,087; Oval Energy Company Limited, GH₵6,593,673; P&O Energy Company Limited, GH₵383,724; Petro Afrique Ghana Ltd, GH₵22,355; Petra Energy, GH₵301,984; Perfect Petroleum Co. Limited, GH₵680,635; Precious Oil, GH₵436,182; and Q8 Oil, GH₵2,092,299.

Rigworld Petroleum Services Limited owes GH₵2,565; Rodo Oil Limited, GH₵2,168,784; Rich Oil Company Limited, GH₵237,657; Royal Roses, GH₵1,215; Sawiz, GH₵180,166; Santol Oil, GH₵2,965,795; Safety Petroleum Limited, GH₵4,926,410; Sephem Oil Company Limited, GH₵6,075; Titan Petroleum Limited, GH₵1,140,150; Union Oil, GH₵41,175; and Zoe Petroleum, GH₵9,532,928.

Source: Adomonline

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This is as a result of an 8.52% increase in the price of Brent crude as well as a marginal depreciation of the cedi to the US dollar during the last two weeks.

“Over the next two weeks, the Institute for Energy Security (IES) foresees the prices of Liquefied Petroleum Gas (LPG), diesel, and petrol recording yet another jump at the pump, in spite of a suspension of the Price Stabilisation and Recovery Levy (PSRL).

“The pending increase comes on the back of an 8.52% increase in the price of Brent crude, a 5.5% rise in LPG price, a 6.23% increase in price of gasoline, and 9.86% jump in gasoil price; all on the international oil and fuel markets.

“Further depreciation of the Ghana cedi against the US dollar on the foreign exchange (forex) market adds on to the factors that will push up the prices of the commodities on the local market,” it explained.

Furthermore, it said “the impending price increases could see all the major Oil Marketing Companies crossing the ¢7 per litre mark for gasoil and gasoline, moving the price increases for both products over the past six-months beyond the 16 percentage mark recorded at the end of January 2022″.

Total, Puma sell highest fuel price

During the last pricing window, some OMCs including Puma Energy, Ready, Total, EV were spotted selling diesel above ¢7.00 per litre for the first time.

Benab Oil, Dukes Oil, Star Oil, Reliance, Goodness Oil and Westport were however the OMCs with the least-priced fuel on the local market.

Over the last two weeks, prices of petrol and diesel rose by roughly 3%, from ¢6.70 a litre on average terms at most pumps to reach ¢6.94 per litre.

The current national average price for petrol is pegged at ¢6.90 per litre, while that of diesel stands at ¢6.98.

Meanwhile, crude oil traded at over $90 per barrel this morning, a situation that could trigger increase in transport fares soon.