Fuel prices are on the rise again across Ghana, following the implementation of the government’s new One Cedi Fuel Levy, which took effect today, July 16, 2025.
Several Oil Marketing Companies (OMCs) have begun adjusting pump prices upward, sparking a fresh round of hikes that industry players say could have been avoided.
According to the Chamber of Oil Marketing Companies (COMAC), the new levy has erased what would have been a marginal reduction in prices.
GOIL, one of the major players in the sector, is now selling a litre of petrol at GH¢12.88, up from GH¢12.07. Diesel prices have also jumped significantly—from GH¢13.20 to GH¢14.38 per litre.
At Star Oil, petrol is retailing at GH¢12.59 at most outlets, with some branches quoting GH¢11.99. Diesel is being sold between GH¢13.79 and GH¢13.99 depending on the location.
Dr. Riverson Oppong, CEO of COMAC, told 3Business that fuel prices could have dropped by as much as 2% this cycle if not for the imposition of the One Cedi tax. “This additional cost has completely offset the benefits of lower international fuel prices and a relatively stable exchange rate,” he said.
Meanwhile, consumer advocacy groups are pushing back. The Chamber of Petroleum Consumers (COPEC) is calling on government to urgently review existing taxes on petroleum products.
According to the Executive Secretary Duncan Amoah, “the cumulative tax burden on fuel continues to weigh heavily on households and businesses.
Executive Secretary Duncan Amoah also said reviewing the taxes could bring some relief to consumers, while government presses ahead with the implementation of the levy on the various petroleum products.
As more OMCs are expected to adjust prices in the coming days, consumers are being advised to prepare for continued pressure at the pumps—and the broader economic impact that could follow.
