fuel prices
The Chamber of Oil Marketing Companies (COMAC) has projected a decline in fuel prices in the December 16–31, 2025 pricing window, despite a slight increase in international crude oil prices and a modest depreciation of the cedi.
In its latest price outlook, COMAC said crude oil prices rose marginally by 1.06 per cent to about $63.79 per barrel, but international prices of refined products declined ahead of the festive season. Petrol prices fell by 6.55 per cent, diesel by 11.67 per cent, while LPG dipped by 0.22 per cent.
The Chamber noted that the product price declines are expected to outweigh the impact of the cedi’s 2.68 per cent depreciation, which saw the exchange rate move from GHC 11.14 to GHC 11.43 to the US dollar.
As a result, ex-pump prices are projected to fall by 1.64–3.89 per cent for petrol, 2.42–4.59 per cent for diesel, and 0.73–2.16 per cent for LPG during the period.
Average ex-pump prices are expected to hover around GHC 12.60 per litre for petrol, GHC 12.90 per litre for diesel, and GHC 13.60 per kilogram for LPG.
COMAC attributed the price outlook to expectations of global oil oversupply in 2026, which has kept crude prices near the lower end of their recent range.
The Chamber also noted that taxes, levies and regulatory margins accounted for about 32 per cent of pump prices in 2025, up from 25 per cent at the start of the year, following recent energy sector levy increases.
Despite higher levies, national petroleum consumption rose by 15.46 per cent year-on-year between January and October 2025, reflecting sustained economic activity.
COMAC said the projected price reductions could offer temporary relief to consumers during the festive season.
