By: Baba Mohammed Issahaq
Fuel prices are set to increase at the pumps from Monday, September 1, 2025, bringing fresh concerns for motorists and households already battling rising costs of living.
An outlook report from the Chamber of Oil Marketing Companies (COMAC) indicates that petrol, diesel, and Liquefied Petroleum Gas (LPG) will all record significant hikes despite falling crude oil prices on the international market.
Petrol: Expected to rise between 3.86% and 5.40% per litre, pushing the average price to around GHS 13.67.
Diesel: Set to go up by about 3.39% per litre, reaching GHS 14.35.
LPG: Likely to see the sharpest jump, with a projected 4.57% increase per kilogram.
What’s Driving the Increases?
The Chamber attributes the hikes largely to the cedi’s recent depreciation against the US dollar, which slipped from GHS 10.71 to GHS 11.20 within a month a 3.98% decline and the steepest this year.
This currency weakness has cancelled out any relief consumers might have gained from global fuel price drops. Over the same period, international market prices for petrol fell by 0.45%, diesel by 3.73%, and LPG by 1.73%.
Industry watchers also highlight the newly introduced ₵1 levy on petroleum products as another factor adding to the pressure.
Supply Concerns
Earlier in August, a shortfall in petrol supplies forced some Oil Marketing Companies (OMCs) to adjust prices ahead of the regular pricing window. COMAC warns that such disruptions, combined with the currency struggles, make stability at the pumps difficult in the near term.
For consumers, the new adjustments mean higher transport fares and cooking costs, adding to the burden of everyday expenses.
