Fuel prices in Ghana are expected to increase marginally from Tuesday, September 1, 2026, with petrol, diesel and Liquefied Petroleum Gas (LPG) all projected to record upward adjustments.
The Chamber of Petroleum Consumers (COPEC) says the anticipated increases are largely driven by movements in international petroleum product prices, despite a recent appreciation of the Ghana cedi against the US dollar.
COPEC projects that petrol could rise to about GH¢16.21 per litre, representing a 5% increase from the current average price of GH¢15.43 per litre.
Diesel is also expected to increase to approximately GH¢17.61 per litre, up by about 2.58% from the current average of GH¢17.17.
Meanwhile, LPG is projected to rise to around GH¢14.19 per kilogramme.
COPEC’s analysis shows that global crude oil prices actually declined marginally from US$90.41 to US$89.30 per barrel during the pricing window. The cedi also appreciated by approximately 2.39%, moving from an average interbank rate of GH¢11.80 to GH¢11.5166 to the US dollar.
However, the international Free-On-Board (FOB) price of petrol rose by about 10%, from US$1,033.15 to US$1,136.50 per metric tonne, exerting upward pressure on domestic pump prices.
For diesel, the international FOB price edged down marginally from US$1,251.19 to US$1,250.50 per metric tonne, but COPEC still expects local prices to increase.
The Chamber has appealed to the government to extend its fuel subsidy intervention beyond August to cushion consumers against the anticipated increases. It has also urged Oil Marketing Companies to consider maintaining current diesel prices to reduce the impact on motorists and businesses.
The projections come as the National Petroleum Authority’s new pricing window takes effect, with higher price floors for petrol and diesel.
Story By: Eric Boateng
