Forecasts from the Chamber of Oil Marketing Companies (COMAC) suggest that fuel prices at retail stations are set to rise from the first pricing window of July 1, 2025, beginning tomorrow. This comes despite the reductions in petrol prices observed over the past few months, signaling that prices are now poised for an upward trend.
According to COMAC, petrol prices could see an uptick of about 2 percent, while diesel may experience a sharper increase of around 5 percent. Meanwhile, Liquefied Petroleum Gas (LPG) prices are expected to rise by approximately 1 percent. This marks the first upward adjustment in fuel prices since February 2025.
The chamber’s Chief Executive, Dr. Riverson Oppong, revealed these projections during a press briefing held in Accra.
“Even before the now-suspended implementation of the amended Energy Sector Levy, our analysis indicates that prices at the pumps are likely to go up,” he stated.
“To be specific, we anticipate petrol climbing by about 2 percent, LPG increasing by just over 1 percent, and diesel rising by roughly 5 percent. These estimates take into account all relevant factors, including the NPA’s pricing structures,” he explained.
The Chamber is also calling for a reassessment of existing regulations governing the petroleum downstream sector to ensure more cost-efficient operations.
