Consumers of petroleum products are to expect price changes this week, with petrol (gasoline) prices inching up between 0.39 to 2.71% per liter.
Based on the outlook report that guides the pricing of the Oil Marketing Companies (OMCs), Liquefied Petroleum Gas (LPG) is expected to go up marginally by 2.34% per kilogram.
However, prices of diesel will be reduced by 0.72 percent per litre. According to the Chamber of Oil Marketing Companies (COMAC), the mixed pricing outlook has been influenced by the cedi experiencing some slight depreciation against the US dollar.
“The rate shifted from GHC 10.68 to GHC 10.77, reflecting a 0.8% decline” COMAC indicated in the report.
The Chamber of Oil Marketing Companies also added that the projected pump increase aligns with global market trends, with minimal increases expected for petrol and LPG.
There have also been some mixed price changes for petroleum products on the international market. Diesel, for instance, fell sharply to 5.22, while that of petrol and LGP rose marginally by 1.89% and 2.87%, likely due to product-specific demand and supply factors.
Some of the industry players have argued that the recent GHC1.0 levy on some petroleum products did impact the expected price increase from August 16.
However, the Chamber of Oil Marketing Companies expects prices to be fairly stable for the next pricing window, which begins September 2025.
By Adnan Adams Mohammed
