Motorists and households in Ghana should brace for mixed fuel price adjustments in the second pricing window of August, with petrol and liquefied petroleum gas (LPG) expected to become slightly more expensive, while diesel offers modest relief at the pumps.
According to projections from the Chamber of Oil Marketing Companies (COMAC), petrol could rise between 0.39% and 2.71%, while LPG may increase by 0.15% to 2.34% from August 16. Diesel prices, on the other hand, are forecast to drop marginally by 0.21% to 0.72%.
The price movements come amid a combination of factors: a slight dip in global crude prices, shifting supply and demand patterns for individual petroleum products, and a mild depreciation of the cedi. COMAC noted that while Brent crude edged down 0.23% to $70.26 per barrel during the review period, diesel prices on the world market fell by 5.22%, compared to increases of 1.89% for petrol and 2.87% for LPG.
The cedi’s decline from GHS 10.68 to GHS 10.77 per US dollar — a 0.87% depreciation — has added some upward pressure on import costs, particularly for petrol and LPG.
For consumers, the mixed adjustment means public transport operators and households dependent on LPG for cooking could face slightly higher expenses, while businesses relying heavily on diesel-powered equipment and transport may benefit from the modest drop.
COMAC stressed that the anticipated changes reflect broader global trends, with the adjustments expected to remain minimal in the short term unless there is a significant shift in crude oil prices or currency performance.
