Several Oil Marketing Companies (OMCs) in Ghana have started adjusting fuel prices at the pumps in line with projections for the first pricing window of October 2025.
On October 2, Shell, a major OMC, increased the price of diesel to GH¢14.18 per litre from GH¢13.89, while petrol remained unchanged at GH¢13.44 per litre. Another leading OMC raised prices by 2 per cent across all products, with others indicating they will adjust prices from October 3.
The Chamber of Oil Marketing Companies, in its outlook for October 1–15, projected marginal increases across petroleum products. Petrol is expected to rise by up to 2.47% to about GH¢14.52 per litre, while diesel may increase between 1.36% and 3.41%, potentially reaching GH¢15.17 per litre. Liquefied Petroleum Gas (LPG) could also see an uptick of 2.01% to 4.01%.
The price rise is driven by climbing international product prices and the continued seasonal depreciation of the Ghana cedi. The local currency weakened from GH¢12.07 to GH¢12.40 per US dollar during the review period, representing a 2.74% drop and contributing to total third-quarter losses of 15.09% with no gains recorded.
The cedi’s depreciation has been attributed to limited foreign exchange supply, while rising year-end imports are expected to further pressure Ghana’s import-dependent economy. Additionally, crude oil prices increased by 1.57%, moving from $67.39 to $68.45 per barrel, further influencing local fuel costs.
