COMAC predicts prices of Petrol, diesel to shoot up by 2%, 1.1% respectively in April
COMAC predicts prices of Petrol, diesel to shoot up by 2%, 1.1% respectively in April
The Chamber of Oil Marketing Companies (COMAC) has predicted that Petrol and diesel prices will increase by 2% and 1.1%, respectively, for the first pricing window of April 2025.
According to COMAC, Liquefied Petroleum Gas (LPG), on the other hand, will decrease by 0.3%.
The most significant increment is attributed to the cost of crude oil, which experienced a slight increase, from $71.94/BBL to $72.57/BBL, marking a 0.86% increase.
COMAC explains that despite the rise in crude oil prices, international product prices showed mixed trends. Petrol prices rose by 4.15%, while diesel and LPG experienced declines of 1.87% and 0.51%, respectively.
The further noted that the Ghanaian currency (Cedi) experienced a slight appreciation against the US dollar in late March 2025, reflecting a 0.07% gain.
Although the cedi depreciated by 5.3% in the first quarter of 2025, it has recently recovered 0.31% in the international market, supported by central bank interventions, to stabilize the currency.
Fuel prices dropped for the third consecutive time in the second pricing window of March 2025.
