Prices of petroleum products will see slight increases at the pumps from today, April 2, according to the latest Pricing Outlook Report gathered by our desk. The report guides Oil Marketing Companies (OMCs) from April 1 to April 15, 2025.
Petrol is set to rise by 2% to GHC 15.20 per liter, while diesel will increase by 1.1% to GHC 15.35 per liter. However, Liquefied Petroleum Gas (LPG) will see a marginal 0.3% drop, selling at GH¢17.30 per kilogram.
These adjustments follow three consecutive fuel price reductions last month.
The primary driver is rising global crude oil prices due to supply constraints from U.S. sanctions on key oil producers like Iran and Venezuela. Crude oil prices have increased by 0.86%, currently trading at around $74 per barrel.
Interestingly, the cedi remains stable and even appreciated by 0.07% in late March, meaning the price hike isn’t due to currency depreciation—an unusual trend.
Despite the expected increases, some OMCs may keep prices unchanged due to market competition and consumer demand. Since price hikes often reduce sales, some companies might adopt a wait-and-see approach before adjusting rates.
While some OMCs will increase prices from April 2, others may maintain current prices to retain customers.
