After practically six months of declining costs, gasoline costs on the pump are anticipated to extend barely from Tuesday, 1 July 2025, in accordance with the Chamber of Oil Advertising Corporations (COMAC).
COMAC tasks that petrol costs will rise by 2%, diesel by 5%, and Liquefied Petroleum Gasoline (LPG) by roughly 1%.
Talking at a press briefing on Monday, 30 June, the Chief Govt Officer of COMAC, Dr Riverson Oppong, attributed the anticipated will increase to a number of contributing components, together with the Nationwide Petroleum Authority’s (NPA) value build-up construction.
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Dr Oppong said:
Even earlier than the implementation of the amended Power Sector Levy—which has now been suspended—our projections point out that pump costs are more likely to go up.
He continued:
I can affirm that petrol is more likely to improve by 2 %, LPG might go up by simply over 1 %, and diesel may see a 5 % hike. These projections keep in mind all related components, together with the NPA’s pricing system.
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Dr Oppong additionally urged the federal government to contemplate transitioning certified Oil Advertising Corporations (OMCs) from the present cash-and-carry mannequin to a credit-based tax fee system.
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We’re interesting to the federal government to assist the trade by shifting eligible members from the present system to a bond scheme. These already on bonds with an obligation to self-recognise needs to be given the chance to take action.
He additional disclosed that ongoing stakeholder consultations are being held with key authorities establishments, together with the Nationwide Petroleum Authority (NPA), Ghana Income Authority (GRA), and the Ministries of Finance and Power. These engagements are geared toward facilitating the sleek implementation of the newly launched Power Sector Restoration Levy.
