Some Oil Marketing Companies (OMCs) have started adjusting petroleum product prices at the pumps, with mixed changes observed. Petrol prices have marginally decreased, while diesel prices have increased. GOIL is now selling a litre of petrol at GH₵12.07, down from the previous price of GH₵12.38 quoted on June 9, 2025. However, diesel prices at GOIL have risen to GH₵13.20 per litre from GH₵12.88.
Shell, on the other hand, has increased the price of petrol to GH₵12.08 per litre from GH₵11.98. Diesel prices at Shell have also risen from GH₵12.85 (quoted on June 16, 2025) to GH₵13.25 per litre.
Another OMC, PETROSOL, is selling petrol at GH₵11.98 per litre, while diesel is priced at GH₵13.98 per litre.
These increases mark the end of a period of consecutive price declines at the pumps since February 2025.
Industry Projections
The Chamber of Oil Marketing Companies projected last week that petrol prices would increase by about 2 percent per litre, while diesel prices would rise by approximately 5 percent per litre.
However, the Chamber of Petroleum Consumers (COPEC) has argued that there is no justification for these hikes and insists that prices should have remained unchanged.
Industry observers are also forecasting a significant spike in prices in the coming weeks, particularly from July 16, 2025. This is due to the requirement for OMCs to begin charging the Energy Sector Recovery Levy of one cedi per litre, which will result in consumers paying an additional GH₵1.93 per litre.
