{"id":96488,"date":"2025-09-30T19:47:20","date_gmt":"2025-09-30T19:47:20","guid":{"rendered":"https:\/\/sotnews.agency\/?p=96488"},"modified":"2025-09-30T19:47:20","modified_gmt":"2025-09-30T19:47:20","slug":"price-of-petroleum-products-to-go-up-marginally-from-october-1","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=96488","title":{"rendered":"Price of petroleum products to go up marginally from October 1"},"content":{"rendered":"
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The price of petroleum products is expected to increase marginally at the pumps from Wednesday, October 1, 2025.<\/p>\n

This follows the latest outlook report by the Chamber of Oil Marketing Companies (COMAC), which guides the pricing decisions of oil marketing companies, as seen by JOYBUSINESS.<\/p>\n<\/p>\n

Projected Adjustments<\/strong><\/p>\n

Petrol prices are projected to be increased by up to 2.47% per litre, bringing the pump price to about GHC 14.52 per litre.<\/p>\n

Diesel may rise between 1.36% and 3.41%, potentially selling at GHS 15.17 per litre.<\/p>\n

Liquefied Petroleum Gas (LPG) may also witness an increase of 2.01% to 4.01%.<\/p>\n<\/p>\n

Reasons<\/strong><\/p>\n

The rise is a result of climbing international product prices and the continued seasonal depreciation of the cedi, both of which play a major role in the projected price increases.<\/p>\n

COMAC noted that the local currency continues to depreciate against the dollar during the period under review.<\/p>\n

It weakened from GHS 12.07 to GHS 12.40 per dollar, a 2.74% drop, bringing total losses in the third quarter of 2025 to 15.09%, with no gains recorded.<\/p>\n

The depreciation, the chamber says, is attributed to limited forex supply, while rising year-end imports place further pressure on the currency in Ghana\u2019s import-dependent economy.<\/p>\n

The Chamber of Oil Marketing Companies also noted that crude oil prices\u00a0\u201cdipped, increasing by 1.57% from $67.39 to $68.45 per barrel. Brent crude is forecasted to rebound close to $70 per barrel, driven by heightened geopolitical risks and renewed supply concerns.\u201d<\/em><\/p>\n

Some of the major oil marketing companies, including GOIL, Shell and even Market Star Oil, have all increased prices at the pumps since September 23, 2025.<\/p>\n

Some of the oil marketing companies have told JOYBUSINESS they were forced to adjust prices due to the recent pressure on the Ghana cedi.<\/p>\n

One is not sure for now whether some of the major oil marketing firms will go ahead and increase prices at the pumps again from this week.<\/p>\n<\/div>\n

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