Fuel prices at retail stations are expected to rise starting tomorrow, according to projections from the Chamber of Oil Marketing Companies (COMAC), commencing with the first pricing window on July 1, 2025.
Diesel prices could rise by 5%, while gasoline prices might rise by 2%, according to COMAC. Price increases of 1% will be implemented for Liquefied Petroleum Gas (LPG). The price of gasoline will rise at the pump for the first time since February 2025.
At a press conference in Accra, Dr. Riverson Oppong, the chamber's chief executive, revealed this.
“I can say petrol is likely to go up by 2 percent, LPG may witness a little above 1 percent, and Diesel will likely increase by 5 percent. This is after taking all factors into consideration, including NPA price build-ups,” he said.
“Even before the implementation of the amended Energy Sector Levy, which has been suspended, our projections indicate that pump prices may be going up”, he added.
For cost-effective operation, the Chamber is calling for a reassessment of the downstream petroleum industry's regulations.
COPEC warns that if government taxes remain unchanged, fuel prices may continue to surge, placing further pressure on households and businesses.
