Ghanaians will see a slight increase in fuel prices at the pumps starting today, April 2, 2025. According to the Chamber of Oil Marketing Companies (COMAC), petrol prices will rise by 2%, while diesel prices will increase by 1.1% per liter.
However, there is some relief for Liquefied Petroleum Gas (LPG) consumers, as prices are expected to decline marginally by 0.3%. This adjustment comes after three consecutive reductions in fuel prices over the past month.
The main reason for the price increase is the rise in crude oil prices on the international market. Notably, the price hike is not due to a depreciation of the Ghanaian cedi, which remained relatively stable against the US dollar throughout March. In fact, the cedi even appreciated by 0.07 in the last week of the month, thanks to interventions by the Bank of Ghana.
As a result, Ghanaians will have to dig a bit deeper into their pockets to fill up their tanks. But with the slight decrease in LPG prices, some consumers may find a bit of relief.
GBC/Ruth Abla ADJORLOLO
