Consumers should brace for an increase in fuel prices at the pumps starting Tuesday, July 1, 2025, as projections from the Chamber of Oil Marketing Companies (COMAC) indicate a hike across key petroleum products.
According to COMAC, petrol prices are expected to rise by 2%, diesel by 5%, and Liquefied Petroleum Gas (LPG) by just over 1% during the first pricing window of July. This marks the first upward adjustment in fuel prices since February 2025.
Speaking at a news conference in Accra, COMAC Chief Executive Dr. Riverson Oppong explained that the price increases are based on a comprehensive analysis of market trends, including the National Petroleum Authority’s (NPA) price build-up framework.
"Even without the implementation of the amended Energy Sector Levy—which is currently suspended—our data shows a likely increase at the pumps,” Dr. Oppong stated. “All key indicators point to a 2% rise in petrol, a 5% increase in diesel, and just over 1% for LPG."
The Chamber is also calling for a review of existing regulations in the petroleum downstream sector, stressing the need for reforms to ensure operational efficiency and cost-effectiveness.
Story By: Afia Ohenewaa Akyerem